With the market as it is, I see a lot of investment trusts pricing at a discount as a ‘bargain’ right now for any spare cash. Any recommendations on what stands out as best in the IT bargain bin right now?
ATT (-15%) is at the top of my list right now. It’s one of the few investments to outperform SMT over the past 10 years. I’m also adding to HVPE at a 40%ish discount. I’d like to open a position in CHRY but there are so many opportunities, I don’t have enough capital to go around!
ATT - Allianz Technology → I have it
SMT - Scottish Mortgage → I have it
CHRY - Chrysalis Investments
GROW - Molten Ventures
VOF - Vinacapital Vietnam Opportunity Fund
HVPE - Harbourvest Global Private Equity
PHI - Pacific Horizon → I have it
I think that ITs are an interesting investment vehicle, specially in some specific areas, that other vehicles don’t offer. E.g. Direct Infrastructure/Renewables/Shipping/Music Royalties/Private Credit.
There are even ITs specialized in Leasing Aircraft, Structured Finance (CDOs, CLOs), Reinsurance, etc.
I thought investing in some of that areas via ITs. But so far, this year markets are less appealing, as those areas are a bit iliquid, that aggravate those ITs’ volatility.