Well managed funds have to make a market to biy znd sell. Normally with a small gap. Just look at MGF and its managed fund that trades off market - see the difference. You are trapped as you can knly sell a LIC to a willing buyer. Look at IIGf they make a market. So entry snd exit is based upon NTA.
It is amazing how poorly the investment manager has managed some of the funds but there are the fan club will support no matter what the facts are. Compare this stick over 10 years with PGF. around 17% lower perfornsnce over that period. The dividends are great - the trading above NTA are good but risky as there is no real logic to trade above NTA. The fund manager has your money locked it they have a job forever - the only movement is fund value.
Well managed funds have to make a market to biy znd sell....
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Last
$1.25 |
Change
-0.030(2.35%) |
Mkt cap ! $1.701B | |||
| Open | High | Low | Value | Volume |
| $1.26 | $1.26 | $1.25 | $2.311M | 1.842M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 88108 | $1.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.26 | 80216 | 2 |
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| Last trade - 16.10pm 05/08/2024 (20 minute delay) ? |
| WLE (ASX) Chart |