Top 25 stocks in AFI around 87%, top 25 stocks in AUI around 80%. Neither company turns over a significant amount of their portfolio simply because they're both sitting on long term Capital Gains.
Page 38 of the last AFI Annual Report lists annual purchases/disposals of around $0.5B and around $19m of Admin expenses. That's a lot of money for "tweaking" a small portion of that portfolio, especially when the result of that "tweaking" hasn't matched their own benchmark over the last 10 years.
I have an account with AustralianSuper. They've done well over 20-30 years but now they're setting up US offices, paying top $ for traders and jet setting the world. More and more folks on very large salaries clipping the ticket on a very large pie but adding very little value. I'm not happy about that either.
Yeah I looked at all the LICs you mention and settled on AUI. Recently purchased some CIN as well, the holdings are a bit of a dog's breakfast but long term performance has been ok and the discount is extreme.
Top 25 stocks in AFI around 87%, top 25 stocks in AUI around...
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Last
$7.37 |
Change
-0.030(0.41%) |
Mkt cap ! $9.224B | |||
| Open | High | Low | Value | Volume |
| $7.40 | $7.42 | $7.36 | $3.820M | 517.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7594 | $7.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.40 | 19324 | 4 |
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| AFI (ASX) Chart |