Dominic   McCormick

As an investment consultant and Portfolio Manager with a focus on the listed investment fund space (LICs and LITs) one comment/question I sometimes get from advisers and investors is “why wouldn’t I just pick my own LICs/LITs?” After all, isn’t that the point? You outsource the stockpicking and picking fund... Show More

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Dominic   McCormick

There are now more than 100 closed end listed investment funds on the ASX including Listed Investment Companies (“LICs”) and Listed Investment Trusts (“LITs”). For simplicity I will refer to them all as “LICs”. LICs differ from other listed funds such as ETFs and active ETFs in a range of... Show More

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Dominic   McCormick

Magellan showed they could innovate with their exchange traded managed funds (ETMFs launched in early 2015). Now they are raising money for what’s been called a "monster" closed end listed investment trust (LIT) with features that dramatically raise the bar for the standard model of closed end listed investment vehicles... Show More

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