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Compiling comments that experts make about stocks while on public TV.

2017-05-19

Opinion for ASA Ltd. (ASA-N)

Signal Price Bias Subject Owned
TOP PICK $12.160 BULLISH US EQUITIES Yes

He typically avoids mutual funds and prefers individual stocks, but as a closed-end fund, this has a limited number of securities. It is a basket of the gold miners. Owning gold in this environment with the heightened geopolitical risks, prepares your portfolio for the unexpected. Owning gold miners makes a lot of sense. As a closed-end fund, there are limited shares, and the fund will move up and down at a premium or discount to its NAV. Right now, this is trading at a 9% discount to its NAV. Closed end funds uses leverage to enhance its value, but this fund does not use any leverage.

John Petrides
Managing Dir. & Portfolio Manager, Point View Wealth Management

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