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Voya Asia Pacific High Dividend Equity Income Fund T.IAE


Primary Symbol: IAE

Voya Asia Pacific High Dividend Equity Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is total return through a combination of current income, capital gains and capital appreciation. The Fund seeks to achieve its investment objective by investing primarily in a portfolio of dividend yielding equity securities of Asia Pacific companies. The Fund will seek to achieve its investment objective by investing at least 80% of its managed assets in dividend producing equity securities of, or derivatives having economic characteristics similar to the equity securities of Asia Pacific Companies that are listed and traded principally on Asia Pacific exchanges. The Fund will invest in approximately 60-120 equity securities and will select securities through a bottom-up process that is based upon quantitative screening and fundamental analysis. Voya Investments, LLC is an investment adviser of the Fund.


NYSE:IAE - Post by User

Comment by Doug2Bon Feb 09, 2016 3:04pm
161 Views
Post# 24540850

RE:RE:Points Raised

RE:RE:Points RaisedIthaca is not a high cost producer, costs will be even lower when GSA comes on stream.  Lower costs producers than Ithaca are mostly part of oil states, so the cost of the state should be added into the production cost to make a meaningful comparison - I would be interested in other views on this point.

What is happening now is very clear.  OPEC and Russia cannot cope with the current oil prices for long.  However, the drop off in US hedges at the turn of the year, linked to the rapidly falling US rig count means that OPEC and Russia will not have to cope with low oil prices for much longer. Remember, shale wells have a depletion rate approaching 50% per annum, if you are not drilling new wells constantly ......

The role of the US during the last year has been interesting.  They don't like to interfere in the market unnecessarily and anyway, the US is ambivalent towards the damage being caused to their shale oil and gas businesses.  US voters love cheap fuel.  Also, the low oil price has greatly enhanced the effectiveness of the sanctions imposed on Russia.

The growing oil sector debt bubble is something different.  This is now becoming a real concern.  The Saudi's will only be allowed until the late Spring I expect to complete their fun and games.  Actually the Saudi's won't have taken much persuading on this, the last thing they want to do is to trigger a global debt storm - bad for oil demand you know.  However the pretence of continuity of Saudi policy will be maintained right up until it ends, that will be part of the understanding - not long now.

Sit on the sidelines if you wish, you will potentially reduce your risk a little.  However, you may find yourself buying back in at 3 times the current share price - you do the maths.

Doug
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