Have to agree.
the ETMF structure probably more suitable for some LICs as then you know you'll be buying at or very close to NTA.
And not just smaller ones.
Magellan have their MGE and MICH ETMFs.
The old very established LICs who have tens of thousands of shareholders will always have enough liquidity and following that discounts to NTA are contained. Not so with newer and smaller LICs.
if only the older LICs could actually keep up with index performance let alone beat it......but they don't.
Is it the end of the Listed Investment Company?, page-73
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