Bell Potter's top three LICs to watch

Hayden Nicholson

Bell Potter Securities

In this edition of the Bell Potter LIC and LIT reporting standards report, we discuss the common pitfalls and nuances associated with performance, Net Asset Backing, and premiums/discounts.

Investment performance figures for LICs materially differ from indices and unlisted unit trusts due to the opposite tax treatment of either structure. In order to compare against unit trusts and indices, performance should be calculated post management fees, performance fees (where applicable), and operating expenses; while adjusting for the impacts of tax paid to the Australian Taxation Office (ATO) with any dilution/accretion from capital adjustments.

With this in mind, here are the team's top three LIC and LIT investment picks for the June quarter:

  • Whitefield ASX:WHF: We think this is your one-stop stalwart to blend into portfolios
  • Tribeca Global Natural Resources ASX:TGF: A great way to diversify your commodity exposure
  • Qualitas Real Estate Income Fund ASX:QRI: Your income solution at a discount

For the full reasoning, click through to the following PDF. 

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Hayden Nicholson
Hayden Nicholson
ETF/LIC Specialist
Bell Potter Securities

Hayden provides comprehensive coverage of the ETF and LIC sectors, producing a range of highly regarded reports covering investment fundamentals, asset class structure and cost, and the role of managed investments in portfolios.

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