Normal
that lack of discount nearly always dulls my interest in a LIC , the other question i haven't seen asked ( anywhere i have been watching ) is what is the critical mass-size of WAM ??it is currently trying to absorb PAF , WIC , and OZG ( and EZL ) but not much of those 3 portfolios fits nicely inside the WAM mandate , which means selling , transferring to a stable-mate , or starting another LICthis can't be easily compared to the SOL absorption of MLT so the WAM expansion just seems to be about getting more funds under-management ( or taking out rivals ) given the current WAM mandate surely it has a maximum size to limit being a cost-efficient fund ( not warp the market during portfolio shifts wrecking the price )
that lack of discount nearly always dulls my interest in a LIC ,
the other question i haven't seen asked ( anywhere i have been watching ) is what is the critical mass-size of WAM ??
it is currently trying to absorb PAF , WIC , and OZG ( and EZL ) but not much of those 3 portfolios fits nicely inside the WAM mandate , which means selling , transferring to a stable-mate , or starting another LIC
this can't be easily compared to the SOL absorption of MLT
so the WAM expansion just seems to be about getting more funds under-management ( or taking out rivals )
given the current WAM mandate surely it has a maximum size to limit being a cost-efficient fund ( not warp the market during portfolio shifts wrecking the price )
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