Chickens coming home to roost. The LIC launch was a cynical FUM grab, and the previous track record generated with a very small and nimble asset base that bears no resemblance to the current multi-billion business.
Since boasting 30% compound returns, they have scorched 20%+ of capital since the LIC launch. Big mountain to climb to get up to decent compound numbers for new investors, let alone 30%.
The moral of the story is don't blindly chase the "hot" fund managers, waving around big historical return numbers. Find out whether their value-add is actually repeatable going forward.
Chickens coming home to roost. The LIC launch was a cynical FUM...
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Last
$3.07 |
Change
-0.030(0.97%) |
Mkt cap ! $1.910B | |||
| Open | High | Low | Value | Volume |
| $3.14 | $3.15 | $3.07 | $2.683M | 868.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7654 | $3.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.09 | 28653 | 2 |
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| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| LSF (ASX) Chart |