This trust invests in quoted securities in Latin America to provide income and capital growth. This trust may use gearing.
Interesting option.
Look at it’s 5 year share price graph. Up and down like a yo yo.
Matches the economies of Latin America.
Worth considering as it on a low at the moment. AND on 5% dividend according to freetrade.
On a long term basis April 2013
Share price 478
NAV 532
Discount 10%
Today
Share price 352
NAV 389
Discount 10%
As you can see done nothing other than pay a decent dividend.
I bought a small amount on the assumption that it will rise again…and fall again.
In the meantime they are paying a reasonable dividend while I wait.
0.17% holding for now.