26-09-2012, 11:41 PM
Just some food for thought - Buying LISTED equities makes GIL not much different from a mutual fund. I thought Mgt are worth their fees through their knowledge and access to UNLISTED or more exotic types of assets, the kind where the average joe like me and u can't get our hands on (and hence we pay them right?).
It can be argued that there are currently no such bargains around and hence as a prudent move, they are ploughing their $ into listed equities to at least get some returns. But in the longer term if i were a shareholder, i definitely wouldn't be pleased.
It can be argued that there are currently no such bargains around and hence as a prudent move, they are ploughing their $ into listed equities to at least get some returns. But in the longer term if i were a shareholder, i definitely wouldn't be pleased.