RE: INVESTORS WHO ARE FACING THE TRUTH15 Sep 2023 15:16
Dam
''1. The capital destruction becomes so great the manager puts his hands up and says "oops, we need to reset the dividend".
The capital value has fallen from about 380p per share to the current about 226p per share.
HFEL have just increased the dividend.
As an example the capital value (index) of the Hang Seng has fakken from about 30.600 to the current about 18,200.
Are you suggesting that the companies that make up the Hang Seng are making capital returns disguised as dividends?
2. The Asia Pac markets recover strongly, the manager gets away with it, and says "phew".
An excuse for claims of capital returns not having to be proven
3. The manager makes some excellent stock picks that boost the capital value of the trust, and says "phew".
An excuse for claims of capital returns not having to be proven