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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 equity securities and will select securities through a bottom-up process that is based upon quantitative analysis. Voya Investments, LLC is an investment adviser of the Fund.


NYSE:IAE - Post by User

Post by Doug2Bon Feb 21, 2016 5:59am
155 Views
Post# 24579067

Don't Worry About the Price of Oil

Don't Worry About the Price of OilTelegraph today:

1.  Saudi deficit now running at $60bn per month, burning through a whopping 8% of the Saudi's reserves every month.

2.  The US onshore rig count is expected to fall below 500 operating rigs by the end of this week.  This will be the first time that the US has operated less than 500 onshore rigs for over 50 years.

So, have the Saudi's lost the plot.  Well, if they had their time again they may not have chosen their current course given the pain they are enduring, however, given the situation as it is right now, why would they want to cut production now when supply is set to tumble and their original objectives are about to be achieved in full.

The biggest worry for the Saudi's now is that the inevitable storming recovery in the oil price which is set to make them (and us) a lot of money but may well subsequently trigger a global recession with everbody pointing the finger of blame at the Saudi's - to be fair they probably will not lose too much sleep over this.

Current oil sector debt and an irrational and entrenched 'low oil prices are here to stay' mentality means that it will take years to address the oil supply shortfall.

The fast approaching spike in the oil price seems so obvious and yet so far from current mainstream thinking.  With the majority about to be proven so absolutely wrong the opportunity for gains exceeding 'an order of magnitude' is unfolding before us, and that is just phase one - i.e. GSA's early production alongside a steadily rising oil price.

I keep looking around for the best oil sector plays.  There are a few decent opportunities out there, but nothing comes close to Ithaca.  Malcolm Graham-Wood and Investors Chronicle both separately come to the same conclusion.

Doug
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