This was the big reason for the move to a close ended vehicle. In an open ended Managed fund or ETF, money tends to come in when times are good, but investment opportunities are more limited, then when times go bad, people redeem forcing the manager to sell holdings they don't want to sell and limiting their ability to invest in good opportunities. This is particularly an issue for a concentrated contrarian type fund like FOR.
When markets tanked in March, Steve and Co didn't have to worry about liquidity of their portfolio to handle redemptions, they were able to tailor their entire portfolio around the situation and benefit greatly from the recovery.
This was the big reason for the move to a close ended vehicle....
Add FOR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.53 |
Change
0.015(0.99%) |
Mkt cap ! $152.2M | |||
| Open | High | Low | Value | Volume |
| $1.50 | $1.53 | $1.50 | $87.56K | 58.07K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30957 | $1.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.53 | 2432 | 1 |
View Market Depth
| Last trade - 15.33pm 30/04/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.51 |
Change
0.015 ( 1.00 %) |
||||
| Open | High | Low | Volume | ||
| $1.51 | $1.51 | $1.51 | 13333 | ||
| Last updated 13.16pm 30/04/2024 ? | |||||
| FOR (ASX) Chart |