Oil and Occam you raise some interesting points , you are obviously experienced in this space. i am new to this whole /capital management / LIC / Fund/ game.
i am also looking at WCM Quality Global LIC. Lge US based with huge FUM. I'm sure you are across that one as well Occam. PDS out now. I'm a little spooked by the us mkt which seems to be at historical high valuations. i read a report just recently from a successful WA based fund manager and they seemed unperturbed saying "the us mkt is trading at average historical PE valuations around 16."
Other commentary i have read is scary.
Thanks Guys