LITs

Webster’s dictionary defines risk as “exposing to danger or hazard”. However, the Chinese symbols for crisis below perhaps give a better description. The first...

In this edition of the IIR LMI monthly update, we take a look at the key news for the sector in February as well as take a look at the 1H'FY22 dividends/distributions...

Bell Potter analyst Hayden Nicholson provides helpful insight on how investors can best unlock value in options/convertible securities in the listed investment company...

The chart on LICs you don’t see in the media Just as all leading equities market indices are based on a market cap weighted methodology, on a FUM or market cap...

As with most things, the listed investment company structure has both benefits and drawbacks. But LICs can be appropriate investment vehicles for shareholders of all...

Continuing with our analysis of the COVID effects on the LMI sector in our last edition, this month we look at the effects on dividends/distributions paid over the...

This month we take a look at the impact and recovery of listed managed investments (LICs and LITs) from the COVID-19 downturn in 2020. 2020 was certainly a...

2020 started with controversy over stamping fees paid on LICs/LITs at IPOs. I did not have strong views on the stamping-fee issue but was critical of the quality of...

Russel Pillemer's Pengana Capital has announced a 1-for-3 rights issue, or capital raising, for its existing private equity listed investment trust (LIT), called the...

Value investors have long searched for the opportunity to ‘buy a dollar for 80 cents’, but for investors in Listed Investment Companies (LICs) this is not just an...

There are now over 100 Listed Investment Companies (or LICs) and Listed Investment Trusts (or LITs) available for investors to choose from on the Australian Stock...

In the AFR today I write that this is a great day for all Australian financial advisers and investors, and a brave decision by the Treasurer Josh Frydenberg, which...

When picking stocks, it’s widely accepted that buying high quality businesses at a discount to their value is the best path to long term success. When choosing great...

I guess it is not surprising, because I have been repeatedly threatened by vested interests in the LIC/LIT debate with personal attacks unless I withdraw from it...And...

Writing for Switzer Daily, Hall of Fame stockbroker Paul Rickard argues that stamping fees "are conflicted remuneration, and should have been banned back in 2014 when...

In huge news today, IFA reports that the Financial Planning Association of Australia has "sought the removal of the current stamping fee exemption in relation to...

In huge news The AFR's John Kehoe reports today that "Treasurer Josh Frydenberg has set up a snap review to consider closing a loophole that allows financial advisers...

Today I interview Paul Moore, founder of the $2bn PM Capital, which runs two LICs, who sensationally calls on Treasurer Josh Frydenberg to finally close the loophole...

Today I explain how in the shadow of the banking royal commission an emotive war has erupted over whether financial advisers should be allowed to accept large...

Dominick McCormick has a solid piece today defending the LIC/LIT sector from recent criticisms, which is worth reading (as are some outstanding comments from financial...