SP appears to be following the NTA after tax figure closely. Since end of January China is close to a bear market (-20% approx) so PAF is just being pulled down with it all. Hard to say reasons but if anyone has any insight on the portfolio specifically then that would be interesting to hear?
Trade wars etc are not helping. My own opinion is this is a long term game, I am watching with interest as I own both PAF and PGF.
