ARG 0.78% $9.06 argo investments limited

other lics, page-22

  1. 7,951 Posts.
    "I don't mind paying more for performance."


    You should, jamber.
    This LIC has $145 million in net assets, and in June 2007 they slugged a $10 million perfromance fee on top of Admin costs (in essence taking credit for the bull market). This year they made losses and only charge the 2% Amdin costs (ie taking no responsibility for the bear market).
    In the long-run this fund will take on avarage a 5% pa haircut from it's manager, and let me tell you, this will drag down performance. Nobody can generate a 5% alpha in the long-run. It just ain't there.



    "I hasten to add I hold more ARG than CTN."


    As you should.


    .
 
watchlist Created with Sketch. Add ARG (ASX) to my watchlist
(20min delay)
Last
$9.06
Change
0.070(0.78%)
Mkt cap ! $6.815B
Open High Low Value Volume
$9.00 $9.09 $8.96 $1.049M 115.8K

Buyers (Bids)

No. Vol. Price($)
1 494 $9.06
 

Sellers (Offers)

Price($) Vol. No.
$9.08 1760 3
View Market Depth
Last trade - 10.56am 25/11/2024 (20 minute delay) ?
ARG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.