Yes, both Magellan funds have been the shining light in the closed fund space.
People will also mention WAM as being another example of an LIC/LIT that doesn't suffer from the many issues others do.
I guess my point is, when you look across the whole LIC/LIT industry it is littered with horrible examples.
Funds with little FUM, poor performance, perennial discounts etc.
LSF, if it has done anything positive, has put a stop to the constant peddling of closed funds to investors.
Yes, both Magellan funds have been the shining light in the...
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