Comparison with BSIF14 Apr 2026 13:58
In Nov25 BSIF agreed to put their assets up for sale and the SP is up ~20% since then. Over the same period NESF is down ~20%. I think NESF's assets are broadly comparable to BSIF, so the ~40% share divergence is largely due to strategy (BSIF NAV discount has narrowed vs increased discount for NESF). On this basis I plan to vote for discontinuation at the AGM in August, but might reconsider if management merge NESF with a complimentary trust such as GRID and GSF with a fee reduction. I would be interested to hear others thoughts on this.