A big year for LICs
Peter Rae
Independent Investment Research
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.
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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.
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Peter Rae
Independent Investment Research
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.
Expertise
Peter Rae
Independent Investment Research
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.
Expertise
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