I'm in two minds about this. I'm not an apologist for the company but if you wanted a fund which performed in line with the index you probably shouldn't have bought into LSF. I didn't hear you complaining for the performance in the 3 Months up to 31/12/19 when the SP and NAV were both up 6% and yet the ASX 200 was flat. Or indeed the 6 month period up to 31/12 when the SP was up 17% and the ASX 200 was up just 1%.
Truth is there will be long periods when LSF will do better than the market in general and long periods when it will do worse. I too think that the NAV should have been going up in recent weeks (it has been flat for the past month while the ASX is up 3%) but the current one-way throwing of money into high-p/e growth stocks is probably the worst it gets for LSF, which is (and I summarise loosely) long value stocks and short high-p/e growth stocks.
So yes, I'm disappointed, but I'm not dissatisfied with their performance given my understanding of their investment philosophy. In fact it is acting as quite a counterweight to the rest of my portfolio in smoothing out some of the erratic movements.
- Forums
- ASX - By Stock
- LSF
- Very slow start to the year
Very slow start to the year, page-4
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LSF (ASX) to my watchlist
(20min delay)
|
|||||
Last
$3.19 |
Change
-0.030(0.93%) |
Mkt cap ! $1.985B |
Open | High | Low | Value | Volume |
$3.22 | $3.23 | $3.18 | $1.599M | 498.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 22848 | $3.19 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.22 | 19786 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 22848 | 3.190 |
1 | 5508 | 3.180 |
2 | 8206 | 3.170 |
4 | 31500 | 3.160 |
9 | 51975 | 3.150 |
Price($) | Vol. | No. |
---|---|---|
3.220 | 19786 | 2 |
3.240 | 10205 | 4 |
3.250 | 15000 | 1 |
3.290 | 55376 | 1 |
3.300 | 90888 | 2 |
Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
|
|||||
Last
$3.19 |
  |
Change
-0.030 ( 0.93 %) |
|||
Open | High | Low | Volume | ||
$3.20 | $3.22 | $3.19 | 80733 | ||
Last updated 15.59pm 07/06/2024 ? |
Featured News
LSF (ASX) Chart |