1. Robert Tumbleweed
    July 27, 2019 @ 11:42 pm

    Wrong investors sure, since they were clueless what they were buying, but also wrong investments.
    IMO illiquid investments have no place in an income fund (except property where it’s obviously unavoidable. )
    Arguably they also have no place in an open ended fund either since a run, for whatever reason, can lead to obvious “vicious circle” issues. WPCT is full of much of the same rubbish as WEIF but there’s been no need to suspend it, people are free to take advantage view on the NAV and some of its outlandish constituents.
    I can’t see how the gate will ever be removed, because when they do there will be a run on it and they will be back where they started with too higha % of illiquid rubbish no one else will buy. they will have to shut it down and liquidate it,


  2. Robert Tumbleweed
    July 27, 2019 @ 11:43 pm

    Oops that should be “take a view not “take advantage view”


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