listed inves

Listed investment funds, including open ended trusts (ETFs & active ETFs or ETMFs) and closed ended listed investment companies (LICs) and trusts (LITs) are today nearly a $100 billion industry in Australia in terms of funds under management. While still only 15% of the $600bn retail managed fund industry, listed... Show More

In my column today I reflect on the explosion in fund managers raising money via LICs/LITs and how these vehicles allow them to legally circumvent the Future of Financial Advice laws that expressly ban payments of conflicted sales commissions to brokers/advisers selling funds to retail investors (click on this link... Show More