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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 Kenshoon Oct 25, 2016 12:08pm
121 Views
Post# 25382901

No Chain Yanking - Just the PoO Declining

No Chain Yanking - Just the PoO DecliningThe excitement of Stella coming on line has done wonders for the share price of IAE, but it is still subject to the price of oil.  With Brent down today and trending down this past week, the share price has come off, but this is to be expected.  As I mentioned earlier, we will see a ton of volatility between now and when OPEC meets at the end of November and today's weakness is just some of this.  This pattern has been evident for the past 7 months.  OPEC talks of doing something, the PoO increases and then in the days and week after the PoO begins to weaken.  I fully expect to see the price of IAE somewhere in the $1.30s before we get to the end of November.  The announcement of Stella production will mitigate this to some extent, but oil price volatility will take its pound of flesh.  Hang in all, our day is coming and I fully expect to see a GLORIOUS December for IAE.
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