Viewing Opinion | StockChase
ASA Ltd. (ASA-N) opinion on 2017-05-19

Last Price Recorded: 11.2800 on 2017-11-23

ON STOCKCHASE SINCE Jun 2005

investment companies/funds
TOP PICK

John Petrides
ASA Ltd. was $12.160 at time of opinion
Owned : 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.

BULLISH

All opinions for ASA-N (2)

2 TOP PICK
View All

More experts covering ASA-N

SAVE
Add ASA-N to Watch List

All opinions for ASA-N (2)

2 TOP PICK
View All

More experts covering ASA-N

SAVE
Add ASA-N to Watch List

No Comments.


You must be logged in to comment.

Successfully Saved Company