l think the logic is that if TIM remains profitable, then the infra fund will do ok, and should move to NTA and maybe make 10 - 15%.
however if you are punting on TIM then why not buy their shares and get 50% gain if it pans out ? in the short term the yield on the infra fund is minor, but the speculation about the future is where the risk/ return relationship is.
As l see it the infra fund is similar risk without the cap gain potential. the income simply cant be depended on.
TIM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
