Yeah, the discount saga is ruining the LIC/LIT industry.
I don't think it can persist without serious changes... They are simply too risky and from an investor perspective you would have to be borderline crazy to buy into a float when they are almost guaranteed to fall to a discount early on.
I wish LSF was an ETMF rather than a closed fund. I would much prefer to know I can sell at the true value of the assets held.
Passive funds are killing it in this low interest rate environment. The indices just keep going up and up.
