Tag: staude capital global value fund

ASX LICs AND THEIR IMA TERMINATION FEES

At first glance this blog post might appear to be only relevant to Contrarian Value Fund Ltd (ASX:CVF) and Global Value Fund Ltd (ASX:GVF) shareholders. I thought it was worth posting though because all LIC investors generally should ideally make themselves aware about certain issues. Part of the attraction for a fund manager launching a LIC is it is very “sticky” AUM revenue. Investors cannot redeem their funds like the traditional open-end managed fund structure. This “stickiness” of AUM fee revenue for the fund manager can often usually last for a decade whereby many Investment Management Agreements (IMAs) set their terms at 10 years.

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REVIEW OF MY INVESTING YEAR, ARE THERE UNDERVALUED ASX SHARES FOR 2021?

Like many in 2020, it has been a year I would prefer to forget. Hence I am reviewing things a bit earlier before the year has even finished.

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