Wolf - if you are after listed offshore exposure you can also look at MGE (which is a product from Magellan) which offers exposure top offshore assets (and should always trade at NAV). Also look into capital raisings which are always a bit of a risk with the LICs. TGG have done so twice in the last 2 years and MFF completed one recently. HHV absolutely shafted their own shareholders by selling to institutions at a huge discount. I own a few LICs but must agree with some of the previous comments around consistent premium to NTA (which you can avoid via the unlisted funds). Management are not that great that you should pay 15-20c premium for PMC (check it against the ETF returns). You can also buy in smaller parcels and even run a monthly debit order of a few $100 if you want.
Have you looked at the range of offshore ETFs trading on the ASX? Lower fees than all the LICs and can give you good international exposure.
PMC Price at posting:
$1.87 Sentiment: None Disclosure: Held
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