GDXJ - ASA: Gold Stocks Cheap Versus Gold Price Own At A Large Discount To NAV
2024-06-16 09:48:51 ET
Summary
- ASA Gold and Precious Metals Limited is a closed-end fund with a long history, now focusing on junior gold miners.
- The fund has traded at a consistent discount to NAV, leading to activist investor involvement and board changes.
- ASA's potential for discount to NAV to close in the future, along with bullish outlook for gold sector, make it an attractive investment option.
ASA Overview
ASA Gold and Precious Metals Limited ( NYSE:ASA ) is a closed-end fund with a very long history specializing in gold equities . Whilst that history dates all the way back to 1958, there have been key shifts in the fund’s strategy along the way. It began with a focus on companies in South Africa, and until more recent times invested more in large companies. Nowadays, you are getting exposure to junior gold miners across many jurisdictions.
As a result of such strategy pivots, more focus should be on the performance from April 2019, which is when Merk Investments took over as the manager. This also marked the time ASA started focusing on smaller gold mining companies, including exploration and development companies....
ASA: Gold Stocks Cheap Versus Gold Price, Own At A Large Discount To NAV