How wonderful that you think so.
An alternative view is that DJW has been a terrible investment for the past 10 years (taken as a whole) despite a very high MER of 0.4%.
A quick look at the AFI remuneration report (page 18 on the last AFI Annual Report) shows that there are a number of shared functions and costs across AFI, AMCIL, Mirrabooka and DJW so in theory these LICs should benefit from some sort of economies of scale but it's hard to see it. It really is worth a read. Then add up the MER costs across this stable and maybe you'll end up wondering (as I did) where all that money could possibly be spent and what value is evident from it?
All in all I can't discern any notable outperformance for what I consider to be very high (relative) management fees. Taken as a whole I consider this stable of LICs an excellent advertisement for ETFs.
Just my humble and personal opinion and not intended as advice (I'm not averse to all LICs as I'm currently invested in AUI, which is running a buyback).
How wonderful that you think so. An alternative view is that DJW...
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Last
$3.15 |
Change
0.030(0.96%) |
Mkt cap ! $830.7M | |||
| Open | High | Low | Value | Volume |
| $3.13 | $3.15 | $3.12 | $623.9K | 199.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 57075 | $3.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.15 | 3745 | 1 |
View Market Depth
| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| DJW (ASX) Chart |