LICs are market leaders in providing information, transparency and accessibility, but there's one area some can improve in
Contango Asset Management
LICs are market leaders in providing information, transparency and accessibility, but there's one area some can improve in. That is releasing their NTA values sooner. While ASX regulations for LICs require NTA values to be released by the 14th of each month, shareholders and investors need this information as soon as possible to enable better informed decision making. Contango MicroCap Limited understands this and strives to release its NTA on the 1st or 2nd business day each month. If you invest in an LIC that reliably releases its NTA at 3:58pm on the 14th of each month their last value is up to 6(!) weeks old. Put pressure on them to get their NTA out sooner - or at the very least provide an Interim Portfolio value at the beginning of each month. LICs do listen. CTNs May NTA + Top 20 here (VIEW LINK)
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Contango uses a combination of top down and bottom up analysis to identify the most attractive investment opportunities in the Australian share market. Contango's Business Cycle approach enables us to shift between growth and value depending on market conditions. We undertake detailed analysis of economic and industry trends to assist us in identifying sector themes, such as the China induced demand for commodities. Our in depth company research enables us to identify those companies that have the strategies, management capabilities and business environment to deliver superior returns.
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Contango Asset Management
Fund Manager
Contango uses a combination of top down and bottom up analysis to identify the most attractive investment opportunities in the Australian share market. Contango's Business Cycle approach enables us to shift between growth and value depending on...
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