This is a quick hitter investment idea. The thesis is quite straight-forward.
Weiss Korea Opportunity Fund Ltd. (“WKOF”) (LSE:WKOF) (OTCPK:WISKF) is a closed-end investment company launched in 2013. The company invests primarily in listed preferred shares issued by companies incorporated in South Korea. Its holdings as of 6/29/2018:
South Korean “preferred shares” are not the debt/equity hybrid instrument we are used to in the US and elsewhere. Instead, they have the same economic benefits as corresponding ordinary shares but no voting rights. You can think of them as a class of non-voting