So as you have openly stated CaptiveCapital's mission is to eliminate all ASX Closed End Funds (LICs, LITs).. They question is why Adrian Lobo???
Did your significant investment in Fat Prophets Global Contrarian Fund (FPC) go bad !!!!!!!!!!!!!!!!!!!!!!
Comparing PL8 to basic passive index funds following the asx200 is like comparing apples and oranges.
From your website (CEFS) are closed end funds for those that dont knowQ: Who runs CaptiveCapital?
A: Adrian Lobo. A professional, sophisticated investor whose active investments are solely in ASX CEFs, as that is the only area I can beat the market (CEFs are plagued by inefficiencies!). However, I am shifting more of my portfolio to passive, index ETF alternatives due to the CEF pitfalls and underperformance outlined on this blog which takes a lot of time and skill to navigate.
So you are trying to eliminate CEFS, but at the same time investing in CEFS to beat the market, as well as shifting into passive index funds.
Congrats on being a sophisticated professional investor.
So as you have openly stated CaptiveCapital's mission is to...
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