Yeah they have been a great bond alternative and I think a lot of people have viewed them as such and invested on that basis but long dated bonds can go down in value as interest rates rise, and so can the gentailiers. Been a fantastic run this past year especially and still could be going forward but its less clear now which way they will go in the next 12 months, in my opinion.
Agreed Percy, Manopouri is a very special place. I've done the doubtful sound full day tour and highly recommend it for anyone wanting a taste of this wonderful place https://www.realjourneys.co.nz/en/de...und/more-info/ Not sure if they still go down into Manopouri power station to see the generators at work or not, anyone know ? but that was a real treat as was doubtful sound and lake Manopouri is absolutely awesome too, possibly the best part of the trip. Not cheap but a trip well and truly worth doing !