A commitment from the board exists to buy back shares if the discount extends beyond 5% under the proviso of ‘normal market conditions’, however, the trust has traded at a wider discount than that – notably in 2015 when China’s ‘wobble’ saw the discount reach out into double figures, and last year after the Brexit vote when it stretched to its widest point under Schroders’ tenure (15%). The board is under considerable pressure to control discount volatility, given the absolute return nature of t ....
05 Mar 2018
Schroder Asian Total Return Investment Company - Overview
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Schroder Asian Total Return Investment Company - Overview
Schroder Asian Total Return Investment Company plc (ATR:LON) | 441 0 0.0% | Mkt Cap: 423.2m
- Published:
05 Mar 2018 -
Author:
Kepler Partners Research Team -
Pages:
10
A commitment from the board exists to buy back shares if the discount extends beyond 5% under the proviso of ‘normal market conditions’, however, the trust has traded at a wider discount than that – notably in 2015 when China’s ‘wobble’ saw the discount reach out into double figures, and last year after the Brexit vote when it stretched to its widest point under Schroders’ tenure (15%). The board is under considerable pressure to control discount volatility, given the absolute return nature of t ....