NSC 0.83% 61.0¢ naos small cap opportunities company limited

Every LIC of NAOS is behind the all ords index since inception,...

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    Every LIC of NAOS is behind the all ords index since inception, & by a pretty long margin too. They are lucky these are listed funds as if these were open ended the redemptions would have depleted FUM a long time ago.

    I understand there is value backed by the basket of securities in the LIC, but who would seriously consider any of the LIC's as a worthwhile investment based on the capacity of management to deliver value?


 
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