有CAF的看过来# Stock
w*k
1 楼
前几天给CAF经理写了封信，抱怨他们不作为，导致股价和净值的折价越来越厉害
现在收到回信了。基本上都是官样文章。大家议议，怎么推动基金尽快有所动作降低折价
有需要基金email地址的，告诉我。其实很好猜的。打开CAF的年报，就知道了各人的姓
名，然后就是名点姓@摩根斯坦利点康姆
Thank you for your emails to Messrs. Nugent and Benedetti concerning your
investment in the Morgan Stanley China A Share Fund, Inc. (the “Fund”),
which they shared with me as President and Principal Executive Officer of
the Fund. We appreciate your concern regarding the recent increase in the
discount to -15% of the Fund’s net asset value (“NAV”) to its market
value as of April 2, 2015. We are very focused on this issue for all of
Morgan Stanley’s closed-end funds. My team monitors the premium/discounts
for our entire closed-end fund line up on an ongoing basis and reviews the
level of discounts/premiums at each quarterly meeting of the Morgan Stanley
Funds’ Board of Directors. We also have a monthly Morgan Stanley
Investment Management Long-Only Buyback Oversight Committee meeting that
discusses the trading levels of the closed-end funds with all of our
functional areas that cover the closed-end fund business.
While the prior three months of 2015 have seen the discount of the Fund
widen, this is not unusual. During 2014, the Fund traded at a discount of
market price to NAV as wide as -13.84% and as narrow as -2.81%.
Comparatively, during 2013, the discount of the Fund’s market price to NAV
traded as wide as -11.73%, but the Fund’s market price also traded at a
premium to NAV of 12.93%, so it is not uncommon to see wide swings in market
price versus NAV.
Please note that we will continue to diligently monitor this recent discount
for the Fund and decide appropriate actions to attempt to address the
situation should it continue to evolve. Please do not hesitate to contact
us in the future if you require additional information.
Very truly yours,
John H. Gernon
President and Principal Executive Officer
John Gernon, Managing Director
现在收到回信了。基本上都是官样文章。大家议议，怎么推动基金尽快有所动作降低折价
有需要基金email地址的，告诉我。其实很好猜的。打开CAF的年报，就知道了各人的姓
名，然后就是名点姓@摩根斯坦利点康姆
Thank you for your emails to Messrs. Nugent and Benedetti concerning your
investment in the Morgan Stanley China A Share Fund, Inc. (the “Fund”),
which they shared with me as President and Principal Executive Officer of
the Fund. We appreciate your concern regarding the recent increase in the
discount to -15% of the Fund’s net asset value (“NAV”) to its market
value as of April 2, 2015. We are very focused on this issue for all of
Morgan Stanley’s closed-end funds. My team monitors the premium/discounts
for our entire closed-end fund line up on an ongoing basis and reviews the
level of discounts/premiums at each quarterly meeting of the Morgan Stanley
Funds’ Board of Directors. We also have a monthly Morgan Stanley
Investment Management Long-Only Buyback Oversight Committee meeting that
discusses the trading levels of the closed-end funds with all of our
functional areas that cover the closed-end fund business.
While the prior three months of 2015 have seen the discount of the Fund
widen, this is not unusual. During 2014, the Fund traded at a discount of
market price to NAV as wide as -13.84% and as narrow as -2.81%.
Comparatively, during 2013, the discount of the Fund’s market price to NAV
traded as wide as -11.73%, but the Fund’s market price also traded at a
premium to NAV of 12.93%, so it is not uncommon to see wide swings in market
price versus NAV.
Please note that we will continue to diligently monitor this recent discount
for the Fund and decide appropriate actions to attempt to address the
situation should it continue to evolve. Please do not hesitate to contact
us in the future if you require additional information.
Very truly yours,
John H. Gernon
President and Principal Executive Officer
John Gernon, Managing Director
