There is significant capital raising activity going on at the moment. If you own the shares, and have the money individuals can take advantage of this.
I am curious though if you invest in either an ETF or LIC, is this opportunity still available to the fund or company?
For example NAB is holding a capital raising program at the moment. If I owned VAS or AFI and they hold NAB, how do I know if the managers in charge are taking advantage of the discounted prices? Or would they be able to take advantage of a ‘sophisticated investor’ purchase?
Any ideas is appreciated.