ARe you talking about WAM? Or another LIC? WAM is trading at a premium to NTA - so you’d have less money and CGT to pay if the LIC was liquidated. If you want out - why not just sell your shares?
I bought WAM at >20% discount to NTA during the GFC. It’s outperformed the market and has been trading at a 10-20% premium for some time now. Steady income, good management and manager is not a forced seller when the market dips (as open trusts are) are all some of the reasons I hold (plus a CGT bill that would mean I’d get less than NTA in my pocket if I sold). Easy to trade, no wrap account needed, costs better than retail based funds are additional positive reasons.
My domestic portfolio is only ~15% LICs these days but my international portfolio is ~30% LIC’s.
BUT ... agree you need to know and trust the manager as just like direct equities, there are some horror stories out there!
ARe you talking about WAM? Or another LIC? WAM is trading at a...
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Last
$1.49 |
Change
-0.015(1.00%) |
Mkt cap ! $1.649B | |||
| Open | High | Low | Value | Volume |
| $1.50 | $1.50 | $1.49 | $1.036M | 694.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7941 | $1.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.50 | 39825 | 2 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$1.49 |
Change
-0.015 ( 0.65 %) |
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| Open | High | Low | Volume | ||
| $1.50 | $1.50 | $1.49 | 274609 | ||
| Last updated 15.57pm 26/04/2024 ? | |||||
| WAM (ASX) Chart |