I agree Peejay buying LICs at IPO seems a bad idea.
However I think some of the fixed interest LICs/LITs might be OK to buy at IPO. They seem to be popular (MXT, NBI and QRI all fairly recent listings trading at a premium to underlying value). There is talk of new fixed interest listings coming eg Partners Group. It is possible the market will eventually become oversupplied and fixed interest LICs/LITs one day trade at a discount.
Wilson's monthly performance updates quote returns BEFORE fees. Not all managers quote this way so be careful. WLE's annual outperformance of 1.1% before fees since inception is probably equivalent to the return net of fees you'd get in a passive ETF.
Ann: June 2019 Investment Update, page-42
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Last
$1.36 |
Change
-0.010(0.73%) |
Mkt cap ! $1.865B | |||
| Open | High | Low | Value | Volume |
| $1.37 | $1.38 | $1.36 | $2.084M | 1.527M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 43005 | $1.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.36 | 45015 | 4 |
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| Last trade - 15.46pm 06/11/2024 (20 minute delay) ? |
| WLE (ASX) Chart |