"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.
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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. |
---|---|---|
$9.08 | 1760 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 432 | 7.630 |
4 | 6421 | 7.620 |
10 | 28630 | 7.610 |
55 | 111350 | 7.600 |
5 | 2007 | 7.590 |
Price($) | Vol. | No. |
---|---|---|
7.650 | 16007 | 6 |
7.660 | 2220 | 4 |
7.670 | 3205 | 2 |
7.680 | 37046 | 4 |
7.690 | 2000 | 1 |
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