Top up your investment? There is nothing to top up - there just isn't the buyer support in the secondary market. Why? because the fee structure is ridiculous for a fund not performing and pretty much not employing any sophisticated trade techniques. Buying and holding large mega caps.
Just give holders not satisfied the ability to sell out at NAV. This could be facilitate through an off market buy back. That way the "whingers" can move on.
Yes, the management company. That is going great guns... not.
Management communication consists of ignoring all the pressing issues and rehashing investments in MasterCard and Pinterest.
You clearly don't hold VG1 or VG8 as those who have held since IPO have witnessed the relevant indexes explode whilst they go nowhere.
They aren't sitting in the high net wealth families space anymore - they chose to create a company structure. That means dealing with shareholders - and unhappy one's at that.
Whilst it may be advantageous to invest in the management company that collects performance fees based on surpassing not relevant benchmark - there are shareholders who would have been better off investing in an index fund for a fraction of a percent.
They get paid millions - answer the hard questions or get another job.
VG1 Price at posting:
$2.28 Sentiment: None Disclosure: Held
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