Hang Seng doing well this morning re Obamas cliff dive averted.
Great start to 2013, now should I fill my boots at under a quid while I can get them? |
I thought that the improved financial figures for China reported this morning would see this rise today - oh well! |
Bolton 2013 |
Same here with the 2Y ISA, in this for at least 10.
Mu honest op is I'm 'guessing' at least 20% rise this time next year, besides, I'm in the money now, stop loss in place, merry Christmas here. |
Have put last two years isa allowances into this!Looking for good performance now its starting upward move! |
I suppose its top up time... doubled up.
I hope Bolton has woken up. |
Wow its finally woken up Anthony Bolton has a lot of ground to make up but he managed an average 20% a year in the UK during the 1990's can he do it again in China- I was going to sell but will hang on for a bit-may even buy some more if it continues to rise. |
g.j.a.
I'll second that - but still a lot of leeway to make up before my faith in AB is restored! |
Good to see this moving up |
There she goes. |
Looks like a break through 80 could be a quick long to 85.
Better go & put my hard earned where my mouth is. |
FCSS is trading at a fraction to the NAV, yet JMC's discount to NAV is still languishing near to its all time high despite putting up a solid performance. |
Trending up at last and even caught up to NAV, one more decent buy back please Mr B. |
It's nice to see this ticking up. Hopefully we will see it back up to it's launch level of 100p soon and subsequently rising further! |
I'm waiting for them to have a good year... watch out for huge "performance-related bonuses" if and when that happens! |
Far too much activity - he asks for patience, but as an investment manager he doesn't show any and seems to be continually changing his mind. Very disappointing so far! |
"Another disappointing performance".... I'd go along with that! |
Good numbers this am on inflation, industrial production and retail sales, if the official Chinese data are to be believed. |
Took small profit in FCSS at 79p from 75p (the trust trades at 2% discount now) and switched to JPM China at 133.5p, whose discount to nav increased slightly over the last three weeks whilst FCSS's shrunk.
Increased the overall exposure to China. |
U.S. Treasuries prices fell after the official and private Chinese PMI manufacturing surveys for October showed signs of improvement in China's economy.
China's central bank also conducted its largest-ever net fund injection this week. The move signaled its intention to keep money market conditions relatively loose and support lending to the real economy before a once-in-a-decade political transition, starting on November 8 at the 18th Party Congress.
"The main reason Treasuries were down is that the Chinese central bank continues to inject record levels of liquidity into the market and the China PMI was better than expected," said Steven Van Order, fixed-income strategist at Calvert Investment Management in Bethesda, Maryland.
The benchmark 10-year U.S. Treasury note was down 9/32 in price to yield 1.726 percent. |
check how this has/is performing vs ftse zh25 tracker fxc.l - pretty pathetic vs a simple tracker |
Premier Wen Jiabao said the economy has started to stabilize and industrial production and retail sales data beat estimates.
Punted 30k @75.47 |
This one is ticking up very slowly, but consistently...... watching closely |
I just bought in FCSS @ 75p bid. Fist time ever.
Chinese-focused IT discounts to NAV is near their all time high at 5.2% for FCSS and 11.2% at JPM Chinese IT. Both trust track MSCI China close enough to get via the Trust route (FX ignored).
China has massively underperformed RoW (slow-down) + undemanding valuations relative to developped markets + negative sentiment reflected in all time-high discounts compels me to get exposure to the country ahead of the change in power early November.
Could not decide between the two trusts, TSMC in JMC a slight negative to me vs Anthony Bolton's bashing a slight positive (reverse to the mean), so went for FCSS.
Iron-ore prices moved from $90 to $120 in teo weeks.
For future ref IG Index MSCI £ 25 China 25 Tracker 6419, JPM Chinese IT 130.33 |
An interesting read phoenix1234, global depression is slowly sinking in to global trade. A lower level of economic activity based on real money instead of borrowed money... but another five years of austerity to go... if the world can stay peaceful that long!
On the bright side the cities of the uk can be blighted by Camrons supersized kitchen extensions - another windfall for solicitors to cash in on. |
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