This shouldn't be considered as an advantage of WAM over AFI. I wouldn't be too happy if AFI was holding 13% of its portfolio in cash. If I want...
In AUI's 2022/23 Annual Report, ARG were actually AUI's second largest shareholder, owning 8.5% of it. Just missed out on being in ARG's top 20 at...
Thanks @dunno, some great detailed analysis there, makes sense, and a great numerical example too. That's why I love this forum, always lots of...
Do you get the feeling that being the investment manager at AUI/DUI would be a fairly cushy gig? Almost as cushy as their marketing manager's job!
I was going to add that there's also the added bonus of potential LIC capital gain tax deductions, but then remembered that AUI and DUI didn't...
Since we're talking discounts, I see the latest Bell Potter report shows that AFI and ARG have both now drifted out to discounts above 5%. That...
Sorry @ASXGJ1, maybe we're getting confused with terminology here. When @Isla_Nublar says "they sold more shares than they bought" s/he is talking...
@Isla_Nublar and @SatayKing are correct. That screenshot has nothing to do with capital gains - it is simply the proceeds (how much they received)...
If you believe that their portfolio manager and CEO are no good, and that this has led to poor performance, then you really need to question why...
I don't think there is anything to correct - the Income Statement and Cash Flow Statement each measure different things. I have to say that I was...
What could Trump (and his many backers) do for 4 years and beyond if he IS re-elected, and decided that future elections, fair elections, free...
The same could probably be said for the typical investor in the old school LICs. An interesting snippet I got from the recent Argo AGM was from...
Likewise, picked up some more ARG and AFI today, one of those nice days where the ASX goes up but the big LICs stayed roughly the same, hence...
That was my impression too, but I can't recall where I'd originally got that 10% figure from (maybe here). Out of curiosity a while ago I went...
Don't forget there's a lag between the RBA moving interest rates and the flow through to economic activity and company profitability. Depending on...
By my calcs, Argo is now trading at around 4% discount to NTA, so it's now getting most of my love as far as Aussie purchases go (sorry VAS, I'll...
I prefer going unhedged as it provides an additional layer of protection against country risk in the Aussie part of my portfolio. Most people...
Some of the larger internally-managed LICs that invest in Australian shares also have fairly low MERs - AFI and ARG (the two largest) each have...
I get that - once I've bought a share I no longer care afterwards what the NTA was. But prior to buying an LIC or ETF I think it makes sense to...
I guess it depends on what they do with those funds in the meantime. If they keep it in cash then yes you'll eventually get paid less in real...
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