Fair points, however the Fund manager ran the wholesale fund up +650% return in 3 years before starting HML LIC.
In the first year HML did +110%, and now this year is already up another +17.6% in a month and half.
Decent track record in my opinion, and worth a look.
Ann: Revised NTA Report at 30 September 2016-MLT.AX, page-4
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