Argo Infrastructure’s actively-managed portfolio is diversified across 50-70 global listed infrastructure securities across various subsectors and geographies, including both emerging and developed economies.
CD Private Equity Fund III (ASX.CD3) was listed in July 2016 having raised a total of AUD$76.8 million.
WAM Research provides investors with exposure to a diversified portfolio of undervalued growth companies, which are generally small-to-medium sized industrial companies listed on the ASX.
Mirrabooka is a listed investment company on the Australian Securities Exchange (ASX). Established in 1999, it specialises in investing in small and mid sized companies in Australia and New Zealand
Australian Foundation Investment Company is a listed investment company investing in Australian and New Zealand equities.
Enhanced fully franked income from Australian equities
Listed in December 2013, Sandon Capital Investments Limited primarily invests in ASX-listed companies with the ability to invest in international companies opportunistically (up to 15%).
Tribeca Global Natural Resources (TGF) provides investors with exposure to an active long short investment strategy that seeks to profit from the inherent volatility in the Natural Resources Sector.
RG8 (formerly ASX:VG8) provides investors with access to an actively-managed, concentrated portfolio, comprising long investments and short positions in Asian listed securities. It may also take positions in other companies with significant exposure to the Asian market
VG1 provides investors with access to a concentrated portfolio, comprising long investments and short positions in global listed securities. VG1 will typically invest in 20-40 long investments.
Lion Selection Group is a listed, specialist mining investment company, providing a patient, portfolio oriented approach to investing in the high growth early stage mining development space where specialist knowledge is essential
Orion Equities Limited is an Australian Listed Investment Company (LIC) with the majority of its funds invested in a portfolio of listed Australian and international companies and Australian property.
A focused portfolio of Australian and New Zealand companies. AMCIL's portfolio comprises 30 to 40 companies covering large and small companies in the Australian and New Zealand equity markets.
The KKR Credit Income Fund aims to provide Australian and New Zealand investors with attractive, risk-adjusted returns and access to a diversified portfolio of income generating alternative credit investments
MFF Capital Investments (ASX: MFF) is an investment company that aims to build lasting wealth for shareholders primarily through long-term ownership of advantaged businesses.
Listed Investment Companies (LICs) are publicly traded companies that invest in a diversified portfolio of assets, aiming to provide shareholders with capital growth and/or income.
LICs offer an alternative investment vehicle for individuals seeking to access managed investments which are traded on a stock exchange.
LICs are companies that pool investor capital to invest in a range of assets, including equities, fixed income, and property.
Unlike traditional managed funds, LICs are structured as companies, and they listed on stock exchanges which allows investors to buy or sell their shares in real-time.
Each LIC typically has an investment mandate that outlines its investment strategy, risk profile, and target sector.
There are several types of LICs, including:
There are three main features of LICs:
There are three main risks of LIC investing:
When comparing LICs, investors should consider:
Investors can invest in LICs through:
LICs are managed like companies and trade on exchanges whereas ETFs are typically passive funds that track indices.
Yes. LICs can be bought and sold through standard brokerage accounts.
Yes. Many LICs focus on long-term capital growth and dividend income.
Dividends from LICs are typically taxed as income, and franking credits may apply depending on residency.
This represents the difference between a LIC’s market price and the NAV of the LIC’s assets.
Buying LICs at a discount to NAV can sometimes be a lucrative investment strategy.
Dividends are usually paid semi-annually or annually, but this varies by LIC.
Yes. LICs are regulated under corporate law and must adhere to the relevant disclosure and reporting requirements.
Some LICs may use leverage to enhance returns, but this also increases risk.
LICs represent a valuable asset class for investors seeking a combination of diversification, professional management, and potential income generation.
By understanding their structure, types, features, and associated risks, investors can make informed decisions.
Careful comparison and consideration of investment strategies are crucial for investors aiming to use LICs to maximize their returns.