MAM 1.90% 51.5¢ microequities asset management group limited

Down on the IPO price, page-29

  1. 327 Posts.
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    Problem with lics is just that. They can trade below NTA especially if they underperform the index. Then you get a double whammy. Underperforming fund and a share price less than what you should be able to redeem it at.
 
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