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Sorry Austravel, the figures I posted looked good before I...

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    Sorry Austravel, the figures I posted looked good before I posted them but lost a bit in translation.

    The first % relates to the CTN return, the second % figure is the All Ords return.

    3 Months 9.5% -0.6%

    6 Months -14.0% -15.2%

    12 Months -5.4% -12.1%

    2 Years pa 37.4% 7.0%

    3 Years pa 42.2% 12.5%

    4 Years pa 41.9% 15.4%

    The figures are readily available. They were taken from the quarterly investment update posted on 24 July 2008. Bear in mind that small/microcap stocks had a good run during that period, as did the big guys.

    Try http://stocknessmonster.com/news-item?S=CTN&E=ASX&N=302131


    By the way, NAB/MLC appear to hold 7.78% of CTN.

    As a matter of interest, a friend has informed me that the Eureke Report, on 28 September 2007, published an article entitled "Why L-I-Cs can be D-U-Ds", and following an outcry from that report, published another report on February 4 2008, entitled "LICs' slower, rougher ride".
    Of particular interest was the statement "On average, LICs that invest in large-company Australian Shares underperformed the All Ordinaries Accumulation Index by 6.59% during calendar 2007, and by 2.36% a year over the five years to the end of 2007.

    When adjusted to weight returns by size, the underperformance was 3.65% over the twelve month period and 2.67% a year for the five year period.

    BTW, the first AFI shares I owned cost me $1.60 each.
 
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