Model portfolios: Time for Platinum Capital to go

Key Points Purchased at a discount to net tangible asset backing Now trades at a substantial premium Unlisted Platinum International Fund is a better bet  In our model portfolios’ Listed Investment Companies (LICs) were trading at a discount to their Net Tangible Assets (NTA). In other words, the shares cost less than the value of their underlying portfolios. We said this ‘offered the potential bonus of good performance increasing the value of the underlying shares and reducing the NTA discount, as investors take more interest’. This ‘double whammy’ can see an LIC’s shares perform better than its underlying portfolio, as...

In our model portfolios’ Listed Investment Companies (LICs) were trading at a discount to their Net Tangible Assets (NTA). In other words, the shares cost less than the value of their underlying portfolios.

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