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.
I have clarified my position.Any yes I have read the supposed...
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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 | $2.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.64 | 21229 | 2 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| OPH (ASX) Chart |