See here: ALI - Argo Global Listed Infrastructure - Cheat Sheet
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Since 2015, its traded at narrow discounts to NTA and is presumably seen as a stable fully-franked income payer by its investors. However, as I warn universally on this blog, the salad days for Closed End Fund (CEF) ASX investors are over. If you want to invest in global infrastructure there are numerous cheaper, transparent ETFs providing systematic exposure (and exits!) at NAV. Meanwhile, ALI investors are treated like mushrooms, with portfolio disclosures 3 months out of date and no enlightenment about the true risks of a portfolio so linked to rates and inflation. Prolonged NTA drawdowns (and typically underperformance of ETFs due to higher expenses and inefficiencies) eventually hit all CEFs. But the next hit is now terminal for all ASX CEFs as they will spiral into growing discounts. ALI's death spiral has now started.
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ALI's death spiral has begun
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Last
$2.31 |
Change
-0.010(0.43%) |
Mkt cap ! $410.6M | |||
| Open | High | Low | Value | Volume |
| $2.31 | $2.32 | $2.31 | $45.23K | 19.58K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 43956 | $2.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.31 | 12076 | 2 |
View Market Depth
| Last trade - 13.18pm 13/11/2024 (20 minute delay) ? |
| ALI (ASX) Chart |