Financial Standard Comments - LICs benefit from FOFA The impending loss of trailing commissions for managed funds has made listed investment companies more attractive by leveling the playing field, an industry insider said yesterday. https://www.financialstandard.com.au/feed/latest?story=12158290 Fri, 05 Aug 2011 13:56:24 +1000 Fri, 05 Aug 2011 13:56:24 +1000 en-AU Copyright 2026 Financial Standard 5 Comment by BDM of a managed fund () LIC's as an investment still dont work whether this is pre or post FOFA. As it stands an investor into an LIC will get the price that they buy in at, the price that they sell at and the dividends along the way. That might sound like a managed fund but the assumption there is that the price of the LIC follows the underlying NTA. This is rarely the case as LICs are often trading at a premium or more often than not a discount to NTA which has no correlation to the underlying value of the investments.
At least an ETF can ensure that the value of the investment tracks its underlying assets.

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]]> BDM of a managed fund () Fri, 05 Aug 2011 13:56:24 +1000