I’d like to invest in this, but the premium on Net Asset Value (NAV) suggests waiting could be prudent. I don’t normally try to time the market, but in this case it seems like a clear indication that I’d be paying over the odds. A few points from Morningstar:
12M average premium is 10.56% vs current premium of 16.64%. (This is based on an estimate of NAV though.)
NAV has increased 11.6% in 12 months, while price is up 21.83%
(In answer to my original question) TRIG report their NAV semi-annually.
To those of you buying now and recently, does paying this premium (not) concern you?
I normally only buy when ITs are showing a decent discount but my concern was that if I continued to wait, I would probably end up not investing at all (not being able to time the market and all that).
So I’ve been buying a bit each month since July - investment is currently showing an overall gain of 3.4%.
I’m also waiting on mine. I’m surprised there’s no automated system dealing with this. I was expecting this to be one of the highest priority tasks for automation.