Listed Investment Companies
The Listed Investment Companies in Australia manage around $32 billion. There are just short of 100 of them. The managed fund industry on the other hand manages around $2.8 trillion and there are thousands of them. They do the same thing but the main difference is that managed funds arenít listed on the ASX, whilst the LICs are. They do the same thing, just in different structures.
LICs also tend to have a lot more transparency over what the funds are invested in and the mechanism the fund managers use. For most unlisted managed funds the activity of the fund managers is rather opaque but because LICs also have to market themselves a bit harder than managed funds, they tend to tell you what they do.
LICs are also...Continue Reading