A few weeks ago I wrote about a buying opportunity for CATCo Reinsurance Opportunities, which is a highly unusual fund that invests in catastrophe insurance bonds. A similar opening has now become available on the other investment trust that provides exposure to this area, the Blue Capital Alternative Income Fund (BCAI).
BCAI was launched in December 2012 and gives investors access to the global catastrophe reinsurance market, an alternative asset class whose returns have been largely uncorrelated to those of more mainstream areas including equities and bonds. At the end of May it changed its name from the Blue Capital Global Reinsurance Fund.
The analysts at QuotedData have recently initiated coverage and they say in their report that the fund offers an alternative source of income with a yield of 6.5% and quarterly dividends. Most investment trusts with high yields are trading on substantial premiums to net asset value (NAV), whereas BCAI is currently available on a discount of 9%.
by Zak Mir| Trading| 1 mins. to read We have been treated to a decent few weeks of newsflow for 88 Energy (LON:88E), with the technical position also backing up the positive move.
by Filipe R Costa| Economics| 6 mins. to read I just came accross an article on CNBC about a trader from Saxo Bank who predicts that Bitcoin will be worth $100,000 in 10 years time, as cryptocurrencies gain market share in the highly liquid foreign exchange market.
by Zak Mir | Trading | 1 mins. to read The lesson which has become clear to me at the relatively late age of 50 is that the only resources companies which are really worth getting on the back of are those who are actually producing.
by Evil Knievil | Evil Diaries | 1 mins. to read I have lately spent nine months corresponding with the Financial Ombudsman Service and achieved an adverse result (in my opinion I have been improperly debited by a broker for c. £100,000)
by Victor Hill | Economics | 11 mins. to read Here in Scotland, the British general election is a referendum on whether there should be a second referendum on independence. Increasingly, it is a binary choice between the Scottish Nationalists and the Tories.
Material contained within Master Investor Magazine and its website is for general information purposes only and is not intended to be relied upon by individual readers in making (or refraining from making) any specific investment decisions. Master Investor Ltd. does not accept any liability for any losses suffered by any user as a result or any such decision.
Ingen kommentarer:
Send en kommentar