Opportunities and risks in the pricing of LICs
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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Livewire Summer School: To dance, or not to dance?
It's that time of year when investment professionals forecast the year ahead. But how useful are these? As one commentator put it; "strategists are forecasting a gain of around 7% for the S&P 500 in 2018. That's about how much they thought the S&P would rally in 2017. And 2016.... Show More
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Magellan's "Monster" Listed Trust - Masterstroke or Misfire?
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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