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Polar Capital Trust: Anyone following?
and1 - Tue, 30 Dec 03 :
nav is 200pence (not dollar cents) while pct is at 162pence, a 20% discount, so this is not explained by the dollar weakness more by fear that nasdaq may pull back after hitting 2000
when there has been a tech revival for over 6 months and nasdaq is currently at 2000 on a two day closing basis, this divergence can only be explained as a temporary phenomenon, . the two will come together eventually. pct should hopefully reach 220p in the short to medium term when it is abundantly clear that the rise of nasdaq is not a blip and that 2000 will form a support for the medium term.
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