an index fund would have bettered their stock picking efforts....

an index fund would have bettered their stock picking efforts. so why hasn't the fund been converted into an index fund? it would have been better for stockholders. i think because the RE would have garnered less fees. there remains a conflict of interest.

i remember when this fund started. from memory, Chinese financial stocks were rocketing, but the RE was loathe to jump into the market. i felt like screaming.
and now, the fund is overexposed to financial stocks. it doesn't make sense.

and look at their idea of capital management. buying stocks on the Chinese SEC when the fund is at a big discount, instead of buying AGF units when they are at at a big discount and so buying Chinese
stocks much more cheaply and so increasing the nav of the units of the fund.

no. there has been nothing clever about the decisions of the RE at any time that i can remember. i'll be voting to close the fund.