E Investors Celebrate

*Our Taiwan Fund, TWN, has 75% of its assets in IT and 23.3% in TSMC. It is up 0.43% today.

*WIPSPDR FTSE International Govt Inflation-Protected Bond ETF is up 0.39% today. SPDR TIPS ETF, SPIP is up only 0.16%. Lazard Global Income Fd LGI is up 0.66%.

*Weyerhaeuser rose 2.7% today. WY, a forest REIT paid 51¢/sh in long term capital gains.

*Trip.com of China, gained 1.93%. Travel will resume. Both Franklin yield funds FCO and FAX rose.

*Brazilian Cosan recuperated some of its loss yesterday, up 0.7%. I voted for the CZZ board proxy.

Finance

*State St Bank of Boston, STT, the backroom king, is down 2.75% after being rated neutral by Credit Suisse. It takes on to know one.

*Sumitomo Mitsui Fin SMFG, fell 1.7% on currency changes boosting the greenback. Mitsubishi is up 0.21%. MSBHF.

*Sampo Oyj of Finland is up 1.45%. Elliott is now out of Hong Kong and may buy more SAXPY.

*Swedish Investor a/b is down 0.3%, being more heavily into the USA (owning a chunk of Nasdaq.) It is also suffering from changing bosses at its Patricia Industries start-up investment arm. IVSBF reports tomorrow at noon Stockholm time on 2020 and there are fears something worse than retirement succession is going on. We own this baby because there now is no Scandinavian closed-end fund. But Wallenbergs are more shareholder-friendly than anyone else in the business so I am sure there is no dark secret. If I am proven wrong I will take it out on Viveka Hirdman-Ryrberg, my near-namesake IT head. In the first 3 quarters of 2020, the parent NAV rose 25% (in Swedish kronas). It owns a great chunk of ABB worth SEK61 mn (the second-largest stake after Atlas Copco); next comes Astra Zeneca AZN; and Ericsson ERIC is fifth or sixth.

*Veolia VEOEY France is up 0.62% on new moves over its plot against Suez. Hang in there.

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William K. 2 months ago Member's comment

Thanks for the updates!

Vivian Lewis 2 months ago Author's comment

I love vivian's blogs because I write them. But I'll join the contest all the same

Susan Miller 2 months ago Member's comment

We love them too. But I'm glad to see you have a good sense of humor!