Have We Learnt Nothing From Investing In Closed End Funds / ASX LICs In The Last 30 Years?

Getting back to the old CEF study I have been referring to, we can point to some significant liquidation events occurring around the GFC in Australia. The approximate numbers I remember is that the LIC universe consisted of about 60 leading up to the GFC. Nearly a third of them somehow disappeared over the following few years. Yet as I write today we have easily more than 100! I suspect when a lot of these IMA terms expire, we may well lose about a quarter of the LICs that exist today.

1 2 3 4
View single page >> |
How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.