AGM australian governance & ethical index fund

Folks,Just checked the Tollhurst Noall report on AGM's...

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    Folks,

    Just checked the Tollhurst Noall report on AGM's website.

    They say "we have assumed a payability of 72.5%", ie this is NOT a fact, only an assumption.

    I have been using a slightly higher number, and will continue to. Brokers are generally likely to be conservative whenever faced with uncertainty, as it is right for them to be.

    EL
 
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