LIC Quarterly Report

Bell Potter


Along with the 37 LICs and two LIC Hybrids covered in our LIC Quarterly Report, we have also included an opinion piece, where we discuss how LICs have historically behaved through the economic cycle. We believe an investor should be cognisant on how a LIC trades through the cycle to ensure an investment is timed appropriately. Our preferred LICs currently based on our filters of investment performance, dividend yield and the current indicative premium/discount to NTA are: 1.AUI – offers exposure to the ASX 300, with a yield of 4.0% fully franked; 2. WAM - offers exposure to small to mid-cap stocks with its investment portfolio outperforming the All Ordinaries Accumulation Index by 4.3% p.a. over 10 years. 3. FGX – has outperformed the All Ordinaries Accumulation Index by 6.2% over the last 12 months and it has no management/performance fee and 1.0% of the NTA is donated to charity.

Bell Potter

Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.

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