No. of Recommendations: 4
Jim, now that you've mentioned WIP twice I'll write that I ran across it back in March of 2025 and made an investment there. I added some when you mentioned it recently.
Was hoping for a tad of interest return with a bit of price increase at best. It has exceeded that expectation quite a bit!
I too have been pleasantly surprised. Alas I bought only a token position, but it looks good in percentage terms : )
It's an odd security to analyze if you're trying to make sense of the price history. Being a mix of non-US currencies, it will always do better (measured in dollars) when the US dollar is falling. So far, so simple.
But the thing that is hard to wrap your head around is that the yield can show up as a price in crease, as coupons, or as a mix of the two, based on the trajectory of global inflation expectations and real yields. Lately the coupon has been falling and the price rising. The main lesson is not to assume that a poor (or good) price trajectory is enough to tell you how it's doing...you need to look at both.
Conveniently, stockcharts includes reinvested dividends by default.
Jim
