Went to the Melbourne presentation yesterday.
The US manager seems very experienced with a good track record and I like the idea of a local LIC as the vehicle. Don't disagree that infrastructure should form a portion of a balanced portfolio.
That said, their returns are not that much better than the index.
We will pay a management fee of 1.2% which is pretty high when the total return might only be around 8-9% at best.
I expect the float will be well supported by Argo shareholders and others but I am a little hesitant at present.
Would be great to see some other views.
argo superloop, page-2
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