Ruffer Investment Share Discussion Threads

[beltd] 17/1/2022 20:49

Interesting post thanks.How long can that last?That's the million dollar question. Or I suppose what's made it last so predictably thus far and has that changed? I am starting to feel that a bet that there will be a reasonable reset looks appealing. A bet that it can continue ad infinitum looks less appealing. Atb

[beltd] 16/1/2022 13:10

With QT replacing QE, it feels like a fairly major rerate of equity markets is becoming more likely. Personally adding to a good holding in this relatively safe haven, that at times of adversity can make a reasonable appreciation.

[stevieweebie2] 11/1/2022 09:53

looking better at 300.

[lozzer69] 07/1/2022 12:46

Nice move up today currently plus 1.4 percent?

[andyadvfn1] 06/1/2022 08:20

Doing what it says on the tin

[slicethepie] 05/1/2022 16:11

Clearly this is not for you!

[spoole5] 04/1/2022 15:45

Another lacklustre nav update

[spoole5] 29/12/2021 11:01

Vastly underperforming rising markets

[spoole5] 22/12/2021 14:51

NAV not moved. Not sure what they're doing

[jonwig] 22/12/2021 09:34

For those uncomfortable with their strategy, it's explained clearly here:



[paid for by company.]

[steve c1] 22/12/2021 09:21

Personally I think 190% since 2004 without dividends reinvested and minimal drawdown ain't to bad.

[spoole5] 21/12/2021 16:52

So this falls with the market and fails to participate with the rallies. Wealth preservation?

[spoole5] 17/12/2021 09:20

They try to be too clever, hedging the hedges etc. Just chips away at the nav

[lozzer69] 17/12/2021 09:15

Up 1pc this morning but not happy with current performance. PNL and CGT doing much better at wealth preservation at the mo.

[spoole5] 16/12/2021 08:31

May as well be in a pure equity fund at the moment

[eh9] 16/12/2021 06:46

I would like to know also. Was it ex dividend? But December not a dividend month

[apollocreed1] 16/12/2021 05:25

RICA was down 2.46% yesterday. That's huge for a capital preservation manager. I wonder which part of the portfolio fell so much?

[bpdon] 15/12/2021 16:37

Yup. Frustrating performance over the last 2 months given the market stresses that RICA aims to insulate against. Since its recent high, RICA is approx -5.5% versus the FTSE all share approx -1.5%.

[spoole5] 15/12/2021 15:06

Wealth preservation or wealth destruction?!

[jonwig] 15/12/2021 15:04

It's a bit worse than it looks: last month they took cash at 296.5 when the prevailing NAV was 291. So that should have raised NAV a bit.

It's possible that their hedging doesn't operate in ral time, but the market prices they're hedging against do.

[spoole5] 15/12/2021 14:38

NAV taken a bit of a beating.

[jonwig] 02/12/2021 15:24

barbello - good point - they can't issue more stock on tap for a while either.

[barbello] 02/12/2021 15:03

I wonder if the smallish take up in tricky markets means that it can regain a bit more premium with less stock about and future buyers having to top up instead in the market. It's all pretty marginal but just curious to see what happens