I have clarified my position.
Any yes I have read the supposed advantages of closed funds all before. The same information is regurgitated by every fund manager when flogging an LIC or LIT.
Strangely, I didn't see anything about liquidity traps, prolonged discounts, inability to redeem at NAV in the information to existing investors. That closed funds, on average, are trading at a discount of circa 10% discount. That in many cases managers are relying on buybacks and conversions to open funds to close perennial discounts.
Strange that.
Or maybe it was just misleading... I will leave that up to your expertise.
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Avoid a Clayton's buyback and set expectation of share price trading at NTA, page-17
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Last
$2.63 |
Change
0.010(0.38%) |
Mkt cap ! $585.4M |
Open | High | Low | Value | Volume |
$2.62 | $2.64 | $2.61 | $427.2K | 162.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 19824 | $2.62 |
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Price($) | Vol. | No. |
---|---|---|
$2.64 | 21229 | 2 |
View Market Depth
No. | Vol. | Price($) |
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1 | 42307 | 2.600 |
2 | 3772 | 2.590 |
1 | 15000 | 2.580 |
2 | 8000 | 2.550 |
1 | 4000 | 2.530 |
Price($) | Vol. | No. |
---|---|---|
2.640 | 21229 | 2 |
2.650 | 113552 | 3 |
2.670 | 5000 | 1 |
2.680 | 4141 | 2 |
2.690 | 22371 | 4 |
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