A big year for LICs
2017 was an exceptional year for new listed investment company and listed investment trust raisings, with 14 new entities raising a total of $4.2bn via initial public offers. This significantly exceeded the funds raised by new LIC/LIT offers in the previous two years and lifted the total number of LICs & LITs on the ASX to 105 by the end of November 2017. In its latest LMI Update, Independent Investment Research reviews the activity of the past year and takes a look at potential activity in 2018 and finds that there are likely to be more international offerings and sees opportunity for new LICs/LITs in the small-cap space.
15 stocks mentioned
Peter has 35 years’ experience in the banking and finance industry, including 15 years as an equities analyst. Peter was a sector head in the equities research team at Morningstar with a focus on consumer and industrial companies.