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Wednesday, 21 Mar 2018
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Listed Investment Companies

I am regularly asked about listed investment companies. I have today updated the Marcus Today LIC and ETF spreadsheet which is available HERE. This spreadsheet includes all the ETFs and LICs - today I am going to focus on the Listed Investment Companies (LICs).

The Listed Investment Companies in Australia manage around $38.7 billion. There are 119 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 aren’t listed on the ASX, while 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

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