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.
- Forums
- Fixed Income
- Active management
Yeah, the discount saga is ruining the LIC/LIT industry. I...
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)