Tin, i assumed as the % of ARQ had dropped approx 5% and because the NTA and the monthly performance was so dismal, that they had sold and lightened their load on ARQ. I noted that they are still lulewarm keen on ARQ.
I have come across Affluence, they seem to be OK, dont know about the volume going across tho. I dont know how they would make their money investing in LICs, someones got to pay and I suspect it would be the investors. Wouldnt that be paying twice for holding an LIC ?
You mean the CDM Special Opportunities Fund ? I was originally keen, but I think that I have learnt 2 lessons from HC. One is to be wary of the performance figures for LICs... I am still significantly under with CDM despite their glowing performance figures, and two, dont buy into floats for LICs. Wait and see how they perform and if still interested, buy after the float and when they usually drop. Have a look at the graph for SEC as an example.
CDM Price at posting:
$1.24 Sentiment: Hold Disclosure: Held
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