I don't like it. Given that ARG has been so successful for almost 70 years with its low-fee, low-turnover approach, why do precisely the opposite with ALI? The prospectus states that annual turnover is expected to be 50% of the portfolio, and the management fee is 1.2% of assets for the first $500m. Sure, ARG will do well as the manager of the fund...but, I fear, not as a shareholder.
I don't like it. Given that ARG has been so successful for...
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Last
$2.11 |
Change
0.040(1.93%) |
Mkt cap ! $375.1M | |||
| Open | High | Low | Value | Volume |
| $2.09 | $2.13 | $2.07 | $208.4K | 99.55K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3360 | $2.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.13 | 31709 | 4 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| ALI (ASX) Chart |