It is common and I hope everyone here knows that many LIC / funds has similar strategy where BOD takes small fees from the LIC but then they engage their own other company as an investment manager where they charge massive fees so this way they can easily hide how they are milking out of the business because their other company only charge total fee and do not provide breakdown of how much of those fees paid to the moneybags !
Just because I am not happy then it doesn't mean I sell because it is the underlying security for which I hold. Their strategy is dumb and not working at-least for last 5 year so hopefully one day GW will wake-up.
If you only wish to read the cheerleaders then better click on ignore button as it will help you !
WAM Price at posting:
$1.44 Sentiment: None Disclosure: Held
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