E Good News From The Oil Patch And South Africa

The former Chile Fund (CF) is being used as a catchall for emerging markets CEFs from the Standard Life-Aberdeen stable which are being consolidated. This may be a way to boost earnings at SLFPY at the expense of the Aberdeen funds. This is a reason to vote against board candidate sitting on dozens of different funds from a group like Aberdeen.

City of London fund of funds, run by Barry Olliff, sold down its stake in Korea Fund by 1200 shares at $38.8/sh, not exactly a big change as it remains a 10% owner of KF which rose 1.4% today. It may also reflect a change in net asset value which is tallied on Fridays.

Our SPDR Citi International Government Inflation-protected Bond ETF is switching its benchmark from SPDR Citi bonds to FTSE International Government Inflation-Linked Securities Select (from Russell) and changing its name to SPDR FTSE International Govt Inflation-Protected Bond ETF. FTSE Russell is owned by the London Stock Exchange which last August acquired the Citi Fixed Income Indices.

Our contributor Frida Ghitis is among those who get credit for using the term “gaslighting” to describe Trumpian attempts to convince us against the evidence of our own eyes, based on an article she wrote for CNN, her main employer. Frida is a free-lancer who gets to travel for her better paid gigs and looks for investment ideas when she hits foreign lands. But I never realized that the Colombia-born writer is the Dr Johnson of our generation. You can read Frida's article here.

Note that Frida began life speaking Spanish which makes her evocation of the old movie with Ingrid Bergman even more amazing.

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Gary Anderson 1 year ago Contributor's comment

We hope gaslighting is just a hobby of POTUS and not a sign of a diabolical desire to be king.

Bill Myers 1 year ago Member's comment

Well said.