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.

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Voya Asia Pacific High Dividend Equity Income Fund > PFP1 (2011 Petrofac NR)

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Comment by Doug2Bon Aug 14, 2016 12:24pm

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Post# 25140170

RE:RE:RE:RE:RE:RE:PFP1 (2011 Petrofac NR)

Mulaman

Yes, seems logical although price of oil is the wild card. If oil stays in the current trading range of below $55 perhaps loitering towards the top of that range then a few weeks into production could see us reach the trigger price - the most likely scenario perhaps.

If however oil breaks out above $55 before first oil then the timeable could accelerate. There is clear resistance to the oil price at $55 and this forms a well defined neckline on an attractive looking inverted head and shoulders pattern. From a purely technical perspective an oil price breakout above $55 is a bullish as it gets and the next resistance level is around $70. I suspect it might be another 3 to 4 months before the oil price breaks out above $55 now due to current oil stock levels, but, things could get interesting if it happens sooner.

Doug

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