Originally Posted by
alokdhir
The only fear of holding Fisher Funds listed funds like BRM , MLN and KFL is steady dilution of the premium they currently command ...10-20% over their current NAV
This is a new development and there is no precedence of this ( used to be slight discount to NAV always ) in last 15 years or so .
New similar funds may try to oversupply to satiate this exuberant demand after all its easy to duplicate their regular NAV return based dividend model
Eventually it will go back to normal which is NAV or little below thus current SP maybe overpriced .
Even some outperformance by funds to markets will be eroded by premium dilution for long term holders entering now on current SP ...IMHO