They are both already controlled by Regal Funds Management.
I think we all wish both VG1 and RG8 would be absorbed into RF1, or something that doesn’t trade at a 20% discount all the time. In saying that, RF1 is trading at like a 12% discount as well.
Truth be told - VG1 is a disaster. Always has been and nothing has changed under the Regal banner.
Investing in closed funds, whether it be a LIC or LIT, is probably the most frustrating thing an investor can do.
It’s not just the fact passive funds are walloping them - there is then the prospect of having to sell at a whopping discount if you ever want to leave.
Maybe one day, I will wake up the structure will be burnt to the ground. It really is the Wild West.
VG1 Price at posting:
$1.63 Sentiment: None Disclosure: Held
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