A: MGG (Magellan Global Trust) is trading at a premium to NTA. Magellan excels in keeping investors informed, and publishes a daily NTA and real-time indicative NTA. When I looked, MGG was trading on the ASX at $2.13 compared to its NTA of just over $2.04 – a premium of 4.4%.

My thoughts – I just don’t buy LICs/LITS at any material premium. Full stop. I don’t understand why you would pay $1.04 for something that is worth $1.00. MGG’s performance is ok, but you can also access this through their quoted managed fund (MGE). Although I am conflicted (I am a Director), have a look at WQG which has outperformed Magellan over the last 1 and two years, yet is trading at a discount.