For most investors, no. It's perilous even for experts. In a similar way to HM1, I dumped my entire PIA holding recently.
1. Dumping of PIA in self-managed super:
2. Buying prices of PIA:
3. Sounds profitable, what's your point?
Actually, this kind of overall outperformance is very rare and I have significant niche edges that made it possible.
The point is that exploiting the pitfalls and inefficiencies in Closed End Funds is a zero-sum game. The vast majority of retail investors are destined to lose.
I have a blog on which I detail the inevitable underperformance of ASX Closed End Funds (LICs, LITs) and prove almost all are never worth investing in. I fund the free work I do trying to enlighten ASX CEF retail investors by occasionally exploiting only the most attractive inefficiencies.
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