Strategy

Fortune favours the brave (sometimes)

Our research suggests wide discounts often herald high NAV returns too…
Callum Stokeld
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Updated 02 Jun 2021
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This is not substantive investment research or a research recommendation, as it does not constitute substantive research or analysis. This material should be considered as general market commentary.

With our discount opportunities portfolio, we look for opportunities in investment trusts where we can see a reasonable rationale for a wide discount narrowing and the potential for NAV outperformance too. We have looked into whether discounts might not only indicate the potential for a kicker to share price returns, but potentially signal contrarian opportunities on a NAV basis too.

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About the Author

Callum Stokeld
[email protected]
Callum joined Kepler as an investment trust analyst in July 2019. Prior to this he worked as a senior investment analyst on a range of multi-manager, multi-asset portfolios, having previously worked at IFA firms in roles focused on oversight of fund selection and asset allocation. He graduated from the University of Glasgow with an honours degree in Law.

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