A few months into the life of Global Resources Investment Trust ("GRIT") the net asset value has fallen by 37% and its ordinary shareprice has fallen much faster. As we explain in this note, this unusualstate of affairs is related to the way in which GRIT was established.
New investors in GRIT have an opportunity to get access to adiversified portfolio of junior resource companies at a time wheninvestors in the sector believe the commodity cycle might beturning. Furthermore this opportunity is available at a discount toasset value close to 50%.
http://quoteddata.com/wp-content/uploads/2014/09/G...
NB: This note has been prepared for Global Resources Investment Trust plc by Marten & Co and is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Charts and data are sourced from Morningstar unless otherwise stated.
Please read the important information on the back of this note.
QuotedData is a trading name of Marten & Co ltd which is authorised and regulated by the Financial Conduct Authority. Marten & Co is not permitted to provide investment advice to individual investors.
