AFI was at a discount to NTA even back in September, It's a great one to follow as it swings between premium and discount to NTA. Looking back over the last 25 years it tends to outperform the market in a bear market but underperform in a bull market. I don't follow ARG but I'm sure it would be similar. Both charge ETF-like MERs so good alternative if you get the discount to NTA. Disclosure, I own AFI.
Melbourne Cup of LIC's, page-4
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