The Rules of Investing: Geoff Wilson and his love affair with LICs

Livewire Exclusive

New LIC floats have become a regular feature on the ASX over the last few years, but it's not always been that way. Wilson Asset Management listed its first LIC in 1999, so Geoff Wilson's seen all this before. In today's podcast, we have an in depth chat with Geoff... Show More

10 LICs trading at a discount

Patrick Poke

There are a range of brokers and researchers who produce regularly monthly or quarterly updates on the LIC sector. While the quality and depth of the research available is excellent, providing complete coverage of over 100 companies and trusts takes can take several weeks. Show More

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Outlook 2018: Stars align for Asian markets

Dr. Mary Manning

Asian markets have had a very strong year, up 29% year to date in 2017 (in AUD terms). This performance has been driven by a combination of strong earnings growth and moderate multiple expansion. Outstanding market performance in China and India and strong sector performance in the Asian mega-cap technology... Show More

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Podcast Inside Investing Episode #6

James Marlay

Geoff Wilson's prediction on where the market will finish 2018 isn't as bearish as you'd think, lessons from how the Australia's Future Fund invests and an article from Chris Cuffe on the murky world of LIC performance reporting. Show More

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Magellan Global Trust IPO Now Open

Magellan Asset Management

The Magellan Global Trust is a new investment vehicle to be listed on the ASX that is designed to offer investors a steady income stream from a global equities investment fund; specifically, a target cash distribution of 4% p.a. Other features include a reinvestment plan that provides a 5% discount... Show More

10 things LIC investors must consider

Daryl Wilson

Through LICs you can access many different managers, asset classes, geographies and investment strategies. One of our funds invests only in LICs, so we spend a lot of time looking for investment opportunities in the sector. Here are ten things you need to consider before making any LIC investment. Show More

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How to identify outstanding LICs

Independent Investment Research

Listed Investment Companies (LICs) have enjoyed somewhat of a renaissance ever since the Future of Financial Advice (FOFA) reforms levelled the playing field with unlisted trusts. In the last four years, 42 new LICs have been listed, bringing the total combined market capitalisation for all LICS to $31 billion at... Show More

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Initial Public Offer: Morphic Ethical Equities Fund Limited

Morphic Asset Management

Morphic Asset Management has announced the IPO of a new ethically focused listed investment company (LIC). Chad Slater and Jack Lowenstein, the founders of Morphic Asset Management, believe that the way you invest does make a difference to the future of the world. Show More

A new income option for Australian SMSFs and Retirees

Dr Don Hamson

Plato Income Maximiser Limited (ASX:PL8), a new Australian shares Listed Investment Company (LIC) with a high-income focus, has just launched. Show More

AIMS Property Securities Fund – vote to wind it up

Fred Woollard

APW unitholders are being asked to vote on a proposal to wind up the fund. The proposal comes from Samuel Terry Asset Management, APW’s second largest unitholder. It argues that APW should be wound up because its units have traded at a 20-50% discount to NAV for more than five... Show More

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IPO Now Open: Watermark Global Leaders LIC

Morgans Financial Limited

The initial public offering for the Watermark Global Leaders Fund (ASX:WGF) is now open. The Listed Investment Company (LIC) will provide investors with access to an actively managed portfolio of global equities in a market neutral stance. The fund aims to deliver consistent, positive rates of return through a market... Show More

8 actions for LIC investors to take

Peter Hall

The Australian Listed Managed Investments sector has grown from just under 80 to over 90 LICs or LITs during FY16, and the group now has an aggregate market cap of over A$30 billion. With several high profile new entrants listing soon, it is set to be an ever-larger portion of... Show More

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Four wires that caught my eye

Patrick Poke

This week was all about central banks, as both the BoJ and the Federal Reserve met. Global markets seemed to like the news well, with the MSCI All Countries World Index up 2.3% for the week so far. Moving on from central banks; Market Matters explains TPG’s 27% fall, Tren... Show More

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Nothing Free About Free LIC Options

Steve Johnson

Starting about 12 years ago, a crop of new wave LICs came with a so-called ‘free’ LIC options. In addition to every share you bought for $1.00, the manager generously gave you an option over an additional share, at no additional cost. Sometime down the track, usually up to three... Show More

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Four wires that caught my eye

Patrick Poke

Morgans’ five top large-cap picks for September, Chris Stott shares some overheated sectors, Giselle Roux from Escala Partners says yield stocks are overpriced, and nine top-performing LICs. Here are four things you should read this weekend. Show More

Forager Australian Fund set to close, with plan to list on ASX

Steve Johnson

With investment performance and inflows continuing to be strong, we are approaching the point where we will close the Forager Australian Shares Fund (FASF) to new investments. We believe a sensible size limit on the strategy is $150m to $200m in total assets. It is our view that managing more... Show More

Top 10 most read wires of the second quarter

Patrick Poke

It’s been an exciting quarter at Livewire; we’ve hosted the second Livewire Live investor forum at the ASX’s Exchange Square, and contributors have submitted more than 1,000 wires to the website. Financial markets have been no less interesting as they seesawed before and after the UK referendum, market commentators continued... Show More

Baillieu Holst June LIC Report

James Nicolaou

The following report contains a LIC sector update and performance review of our coverage list for the month of May 2016. Top picks: Our top picks refer to preferred exposures within each sector based on numerous quantitative and qualitative factors. However, they should not be treated as official stock recommendations... Show More

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Commodities: Has the trend changed?

Karl Siegling

Predicting turning points in any stock is very difficult, but it's particularly difficult in resources stocks. However, once a trend has been established it tends to last for a considerable period of time. This is particularly true for cyclical stocks and industries. Read about how we deal with this set... Show More

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Some Listed Investment Companies we love right now

Daryl Wilson

With over 100 quality LICs to choose from, there's now some great buying in this space. We're often asked which LICs we love the most so here's six of our current favourites, in no particular order. We bet you've never heard of some of them. Show More

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