Went to the Melbourne presentation yesterday.
The US manager seems very experienced with a good track record and I like the idea of a local LIC as the vehicle. Don't disagree that infrastructure should form a portion of a balanced portfolio.
That said, their returns are not that much better than the index.
We will pay a management fee of 1.2% which is pretty high when the total return might only be around 8-9% at best.
I expect the float will be well supported by Argo shareholders and others but I am a little hesitant at present.
Would be great to see some other views.
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Last
$2.32 |
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0.010(0.43%) |
Mkt cap ! $412.4M | |||
| Open | High | Low | Value | Volume |
| $2.31 | $2.34 | $2.31 | $379.6K | 163.9K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13448 | $2.32 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.34 | 7697 | 3 |
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| Last trade - 15.56pm 18/07/2025 (20 minute delay) ? |
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