I can understand how it is easy and convenient to remain in AGF if you seek exposure to the China A shares market. However they have underperformed the benchmark since inception a long time ago. Whilst it may not be convenient to switch your money to other vehicles (perhaps even listed on other global stock exchanges also at discount to NAV), or maybe unlisted fund exposures, I am guessing switching to another China fund exposure will outperform keeping AGF going in the current form. It is a massive head start for example to broadly take $1 let's say to try and grow your money in another vehicle. The alternative is being locked in to a perennial under performer where your investment will probably be marked at around 80 cents on day 1.
Anyway now that AMP can't vote I think it's game over for the generous management fees they have collected for around a decade.
I can understand how it is easy and convenient to remain in AGF...
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