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.
The whole LIC model is broken. Most have (ridiculous) discounts...
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