Unleashing Secrets of the East: Revealing the Annual Financial Report of the Weiss Korea Opportunity Fund Ltd

The respected Weiss Korea Opportunity Fund Ltd. has recently revealed its Annual Financial Report for the vivacious year of 2024. The freshly released report is a treasure trove, ripe with financial highlights such as NAV Return, Benchmark Return, and Portfolio Discount, poised for dissection by the curious investors. The fiscal health of the company has witnessed an interesting period, with the Since Inception NAV Return standing at an impressive 81.1%, distinguishing itself from a Benchmark Return of 41.2%. The shift in Portfolio Discount reflects a promising trend, dipping from 49.7% in 2023 to 46.0% in 2024. The company’s Share Price Discount and Fund Dividend Yield have adjusted to -3.2% and 3.8%, respectively, exhibiting subtle yet significant changes as compared to the previous year. Tackling the performance head-on, over the course of the year commencing 1 January 2024 and concluding 31 December 2024, WKOF’s NAV in pounds sterling witnessed a trim of 15.9% including reinvested dividends, audaciously outperforming the reference MSCI South Korea 25/50 Net Total Return Index (the ‘Korea Index’) by a bold 2.6%. The forward-thinking directors declared an interim dividend yield of 5.1851 pence per share in May 2024. This aligns with a 3.8% net dividend yield within the past twelve months, and intends to distribute the gained income of the company through the year ended 31 December 2023 to its shareholders. To thrive in an ever-winding business landscape, the board orchestrated a strategic review in November 2024. The review paves the way to assess potent proposals, including altering the investment mandate, potential combinations with suitable investment companies, and fund contingencies to a Managed Wind-down, among others.