LCS unit nav to March 25 = approx; $17.20NOW showing a loss of about 20 cents since the update last thursday. Market is perhaps again looking optimistically ahead at rate cuts, which some would believe will hamstring the lifecos. I dont think a .25% rate cut will make much of a difference at all. It takes time for the interest rates cuts to actually affect many of their investments in a negative way.
LCS traded below the 7$ mark to close @$6.98....