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LIC restructures to ETMFBY ELIZABETH MCARTHUR | THURSDAY, 10 JUN 2021 12:41PM
In a very rare move, a listed investment company has restructured to become an exchange traded managed fund - listing on the ASX today.Read more: LIC, ETMF, Shield, Monash, ASIC, Investment Company, Simon Shields, ASX AQUA, Paul Clitheroe, Shane Fitzgerald, Aurora, Australia, IPO, Sandon, Trust MAAT Hedge Fund
Lifecycle MySuper was a better bet than single strategy default funds for members below 40 years of age in FY21 as the equity markets rebounded after COVID, according to Rainmaker Information.
The advice group has appointed a head in Queensland, reporting to chief executive Terry Dillon.
Australia's exchange traded product market reached $115 billion at the end of June 2021, increasing 76% in 12 months - but according to Rainmaker research, only a small portion of that growth came from performance.
The chair of Clime Investment Management and one of its shareholders are calling for the removal of long-serving executive Neil Schafer.
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