In its latest Monthly LMI Update, Independent Investment Research looks at listed investment company performance over the March 2017 quarter. The Australian large cap focused listed investment companies benefited from the solid market performance over the quarter with the five largest listed LICs delivering an average portfolio return (pre-tax NTA plus dividends) of 4.5% for the quarter, in line with the ASX All Ordinaries Accumulation Index return. For investors seeking exposure to the Australian large cap market sector, Australian Foundation Investment Company (ASX:AFI), Milton Corporation (ASX:MLT) and Argo Investments (ASX:ARG) offer reasonable value trading slightly below pre-tax NTA at 31 March. See our full report for more details:  (VIEW LINK)




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