Those holding ARG will be pleased to know that our fine company outperformed the STW index fund for fy2007/08.
ARG achieved a return of -7.0% including dividends (assuming 0% tax rate), versus -12.7% for STW. While it's hard to get excited about a negative return, ARG's performance is particularly impressive considering MQG (which was its biggest holding) has a substantial decline over the year.
I have calculated the returns of a handful of other LICs (both old and new) in a post on the AFI thread.
ARG Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
