<< Regal Funds ManagementandPhil Kinghave risen swiftly in recent years as a leading alternatives and hedge fund manager. The RF1 LIT is their only ASX CEF and has had impressive overall returns since June 2019, though with significant monthly volatility. RF1 is also unique with 8 distinct strategies (including water, resources and credit) that can't easily be replaced with index funds. RF1 may well havesustained alpha in some of its strategiesbefore expenses, but its performance fees and Total Expense Ratio (TER) are so high that, in the long run, it will be difficult for it to outperform the best passive alternative ETFs. In this post,I reveal just how eye-watering RF1's fees and expenses are. And I also compare with estimates made in its original PDS. >>
RF1 Price at posting:
$2.80 Sentiment: Sell Disclosure: Not Held
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