Another IPI?22 Mar 2013 16:00
There might be money to be made here but it would have to fall a lot further before I'd want to risk a small punt.
What baffles me is why they thought a currency hedge was necessary in the first place. If I wanted to buy shares in a trust invested in French commercial property part of the reason would be that I thought the euro would strengthen against sterling and enhance my return. If sterling ended up stronger that wouldn't have been too much of a problem as the dividend was exceptionally high. Which, of course, should have set alarm bells ringing for everyone...
High dividends are usually at the expense of capital erosion and ALPH has suffered a massive landslide.