I got onto this from meeting one of their guys at a conference....

I got onto this from meeting one of their guys at a conference. He had some materials, then they upgraded their website, and then the volume picked up and I timed it right. FY17 release says they've been marketing this one more which is what LICs need to do of course

I like the timing on this still because being unhedged if the AUD falls this goes up again

It just needs to get bigger to bring the fixed costs down as a % as I say

What are your thoughts on this paying needing to pay a dividend? I mean its BH- do we just roll the money and keep it fully invested?


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From the FY17 Results

2.6 Cash balance increased due to the sale of FSI shares and the Net Assets of the Company increased by 10.5% over the prior year. Expenses were higher by 21% mainly due to a new Director being appointed to the Board and additional marketing costs. The details of Directors’ fees are contained in the Remuneration Report, which is in the Annual Report of the Company for 2017 year.

http://www.globalmastersfund.com.au/reports/

	Year to	NTA(on Realised Gains Only)	All Ordinaries Index	S&P500 (USD)	S&P500 (AUD)
1	June 2016	5.9%	-2.6%	1.7%	5.2%
2	June 2015	17.1%	1.3%	5.2%	28.8%
3	June 2014	15.8%	12.7%	22.0%	18.2%
4	June 2013	36.2%	15.5%	17.9%	32.2%
5	June 2012	2.8%	11.3%	3.1%	7.9%