Regular readers may recall the Back to the Future series of posts I did which included as part of it a look at ways of investing around the world via investment trusts. In addition in another of the posts we saw that valuations were low in emerging markets and therefore potential future returns may turn out to be attractive once the current worries subside perhaps.
At the time I mentioned the JP Morgan Global Emerging Markets Income Trust (JEMI) which invests in those markets with the aim of achieving a decent income. At the time it had for the first time moved to a small 1% or so discount. Well this had now widened out to around 6 to 7% at the time of writing which is as cheap (in discount terms) as it has ever been, although obviously it could still go wider.
Nevertheless as a contrarian idea it has its attractions at these levels and offers a likely yield of around 5.75% at the current price of 85p. This is paid quarterly with the latest payment of 1p worth 1.2%, due to go ex on the 17th December. If that is of interest you can read more about it at the trusts dedicated website.