Sure things will probably improve the next couple of years, I like some of the positions they are sitting on. Some that spring to mind include JYC, A2B, MWY, YBR that I hold there might be others.
But over the next couple of years the life of the LIC will show about a decade. One wonders what the scoreboard will really say after the high cost structure. Even with a big improvement here will still probably look average over a decade. I just think with these fees and scale the manager has to be VERY good for the shareholders to do well. Thus far anyway they have not been.
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