Does MM like the Tribeca Global Resources Fund etc
Hi MM Team My question relates to Tribeca Global Fund, which I have held for some time as an exposure to the global energy transition. As Todd Warren from Tribeca explained at your recent Resources Webinar (thanks very much, it was great), they eschewed lithium for copper and uranium in the fund, hence last year whilst the lithium bulls were running, I patiently held on. However I am somewhat dismayed that there doesn't seem to be a whisper of interest in the share price with uranium now on the move. I think MM & Shaw & Partners are in a good position to enlighten me and I therefore greatly appreciate your insights as to what may be happening? Secondly I wonder if you can share some commentary on the LIC structure in general. I recently heard one commentator remark that LIC's are looking like a dinasour in the face of the global ETF movement. I am beginning to wonder if the oft quoted advice to buy undervalued LIC's is out of date? Are LIC's like TGF which are not very high profile, ever likely to close up their NTA? After all, even MM runs an ETF Portfolio but not a LIC/LIT Porfolio. Your insights very much appreciated.
