Review: Sector play with discount and yield
City Natural Resources High Yield Trust (CYN) provides actively managed diversified exposure to the natural resources sector with a particular focus on income. A broad decline in commodity prices accounts for the negative performance of CYN and its peers over the last few years, although 2014 saw an easing of the downtrend despite the fall in the oil price. Signs that lower prices will feed through to lower supply raise the prospect of a more favourable balance in many commodity markets. Meanwhile, CYN offers a yield of over 5% and is trading at the top of its recent discount range.City Natural Resources High Yield Trust is an investment trust company. Co. invests mainly in mining and resource equities and mining, resource and industrial fixed interest securities (including, but not limited to, preference shares, loan stocks and corporate bonds, which may be convertible and/or redeemable).
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.