I think a lot of people are moving to low cost ETFs. They are available for as low as 0.2% fee with high liquidity and good performance over the boom. Additionally, I have read somewhere (sorry don't remember where) that quality LIC's outperform the market in bull markets, but under perform in a bear market. Given where we are in the market cycle this is probably adding to the pain.
Ann: February 2019 Investment Update, page-11
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$1.37 |
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Mkt cap ! $1.871B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 59015 | $1.37 |
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| Price($) | Vol. | No. |
|---|---|---|
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