HFL.nzx - Henderson Far East

[HAWKDOG]

Don't see a thread for this one.

I have been adding for the divi and exposure to Asia.

What's the go folks?

[kiwi2007]

It'll count as part of your FIF.
They're very income focused doing quite a bit of scalping and use a lot of calls (and puts).
Latest management seem more focused on capital appreciation as well as a high dividend,  rather than the last lot who didn't seem to be as bothered about the share price..
Popular amongst UK income hounds who argue about it a lot on various BBs..
Edit.
IT's HFEL on the UK market and I'd buy there where there's market depth rather than through a broker here.
Also I don't see why they keep it open her and pay NZX fees. So one day it may well be removed from the NZX.

[Bev]

Many thanks Kiwi, I thought all NZX ETFs were exempt from FIF rules.

Will now check that prospective ETF purchases are PIEs and thus exempt.

[Raven]

Yes I'm sure many of us remember the days when the NZX had a lot of UK Investment Trusts, now only a few left. I got caught when a couple of them withdrew from the NZX and I held on and didn't realize the mind-numbing bureaucracy and shocking fees when eventually selling my holdings on the LSX via a local broker. They still have to courier the old paper share certificate to the UK, etc.

[Raven]

Many thanks Kiwi, I thought all NZX ETFs were exempt from FIF rules.

Will now check that prospective ETF purchases are PIEs and thus exempt.

Thats the thing, they are not an ETF and not a NZ domiciled company so they are FIF. Bankers Trust and FCT are two others.

[Bev]

Thanks Raven

[Basil]

Smartshares has an Asia Pacific fund APA and it's a PIE so they do all the FIF compliance for you.