Should this really trade at more than 20% below NTA?
If it was a managed fund it would be priced $1.15 per unit.
Not a great return since listing but nonetheless an instantly diversified global portfolio that is still well in the black (post listing it had NTA of around $1.07 I recall).
On another point, does anyone out there still subscribe to FatProphets newsletters?
Ann: Net Tangible Asset Backing - May 2018, page-2
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