NTA under-performing the index by 5.41% PA since inception. The story is much worse when comparing the share price which has investors in the red at the end of a bull market. Look at the annual report, approx 73% of the portfolio is in ETF's, so you have fees for those ontop of the 1.25% management fee. One of the reasons investors chose an LIC is for active management, if they are just going to dump it into ETF's then why bother.
Ann: Monthly Performance Report - October 2018, page-2
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Last
$1.06 |
Change
0.030(2.91%) |
Mkt cap ! $36.77M | |||
| Open | High | Low | Value | Volume |
| $1.06 | $1.06 | $1.06 | $5.32K | 5.042K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4431 | $1.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.06 | 6492 | 2 |
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| Last trade - 13.09pm 22/11/2024 (20 minute delay) ? |
| MEC (ASX) Chart |
