A more positive frame of mind

With stock markets having been in a positive frame of mind for a few weeks it is interesting to look...

With stock markets having been in a positive frame of mind for a few weeks it is interesting to look at the relative moves in the share prices and NAVs of some trusts. Temple Bar has seen a 15% rise in NAV, but only a 2% rise in share price in the past month (to 8 April). This trust has been trading on a premium for a while and after this move is now on a small discount. Fidelity Japanese Values on the other hand has seen its NAV rise by 9%, but its share price has risen by over 20% over the same period. Its discount has consequently narrowed, but is still circa 19%. Perhaps this illus...