(LICs), listed investment trusts (LITs), and exchange quoted managed funds (EQMFs). At 31 January 2016, there were 96 LICs and LITs on the ASX, with a collective market capitalization of $ 31.6B. There are a number of new LICs in the pipeline including URB Investments, Contango Global Growth, Plato Income Maximiser and Morphic Ethical Equities Fund. Wilson Asset Management has also announced plans to launch a new microcap LIC in May or June. We provide more detail on some of these entities in our latest LMI Monthly Update. (VIEW LINK)
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