CANADIAN CLOSED END FUNDS AND INSTALLMENT RECEIPTS Message Board

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Gold/Mining/Energy : CANADIAN CLOSED END FUNDS AND INSTALLMENT RECEIPTS

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To: kingfisher who wrote (27)	3/3/2000 10:40:00 AM
From: Sturgeon	of 37

Good call.. What do you think about it now? Given its discount and the book value issue it seems to be a cheaper way of getting into biotech.. Of course, some might suggest that getting OUT of biotech at these levels would be a smarter strategy. New Altamira Value Fund continues upward.. The stock was trading at about $10 3 months ago.. today it trades at $13, including the $1.31 distribution, total return is $14.31. That's up 43%.. pretty good for a diversified Canadian equity fund that has by and large avoided the risky high tech areas of the market. The discount is about 14% now down from an average of about 20% most of last year. What seems to be happening is their good performance is leading to a smaller discount. 3 years ago or so it actually traded at a premium of 10% after a strong period of returns.. let's hope the same will happen here...

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