Raised my holding in Fondul Proprietea 50%. It is now a 9% portfolio weight.
This is a Romanian investment trust trading at a discount to NAV – so very much my usual type of investment. It is managed by Franklin Templeton and is at a c45% discount to NAV (on the GDR) – very much too high given quality of management / assets and that action is being taken to narrow the discount.
It is listed on the LSE under ticker FP. I covered it back in 2014 and have happily held it since 2012/3. Continue reading “Fondul Proprietea raised stake + Others”