My personal portfolio
Comment of the Day

March 18 2014

Commentary by David Fuller

My personal portfolio

A trade rolled forward

David Fuller's view

Expiring JPMorgan Chinese Investment Trust (JMC LN) long rolled forward at a loss  

China is still underperforming so far this year and my March JMC long expired at 147.7815 today, against my purchase at 156.3848 on 17th December 2013.  I decided to have it rolled forward because China is cheap, if troubled, and I regard it as a medium to longer-term recovery candidate.  Therefore, I simultaneously purchased a JMC June contract at 148.7381.  These prices include all spread-bet dealing costs.   

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