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.
Ann: Indicative NAV COB 27/04/2021, page-15
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Last
$1.48 |
Change
-0.010(0.67%) |
Mkt cap ! $147.7M | |||
| Open | High | Low | Value | Volume |
| $1.49 | $1.49 | $1.48 | $58.22K | 39.32K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14363 | $1.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.49 | 15000 | 1 |
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| Last trade - 15.01pm 21/05/2024 (20 minute delay) ? |
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Last
$1.48 |
Change
-0.010 ( 0.34 %) |
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| Open | High | Low | Volume | ||
| $1.49 | $1.49 | $1.48 | 5305 | ||
| Last updated 15.01pm 21/05/2024 ? | |||||
| FOR (ASX) Chart |