The whole LIC model is broken. Most have (ridiculous) discounts to NTA and some even dodgy practices (such as BLA, The Pirate entities, etc).
I would consider all LIC’s to be uninvestible except for AFI and ARG. Buy ETF’s or DIY instead. No need to pay high fees for someone else to “invest” your money.
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The whole LIC model is broken. Most have (ridiculous) discounts...
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