Normal
I also notice MIR also sold Deterra Royalties which was first mentioned as being held in Feb this year. Interesting the MER has come down from 1.2% in 2003 to 0.41% now. No idea what the portfolio size was in 2003 but it does give an indication to favour those LICs with relatively fixed overheads as the greater the portfolio the less the MER can be.
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