Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 41 - 50 of 149 results for "LICs"

Contango approves new WCM strategy

ALLY SELBY  |  MONDAY, 21 SEP 2020
... shareholders," WAM's Geoff Wilson said at the time. "The current boards proposal to appointment an unproven manager of LICs is flawed and on unfavourable terms for the company." Similarly, David Prescott's Lanyon Asset Management also lobbed ...

It's not a bird or a plane; it's a new trading platform

ALLY SELBY  |  MONDAY, 7 SEP 2020
A new trading platform has launched today, set to help Aussie investors trade over 2500 shares, LICS, REITs and ETFs with as little as a $100 investment and a flat $5 brokerage fee. Superhero, which its co-founder and chief executive John Winters says ...

LIC seeks conversion to ETF

KANIKA SOOD  |  THURSDAY, 3 SEP 2020
... The last time a LIC converted to an ETF was nearly seven years ago, with the Aurora Global Income Trust. Over the years, LICs and LITs have tried many measures to solve the problem of them trading at a discount or premium to the value of underlying assets. ...

Hostplus ups income protection premiums by 73%

ELIZABETH MCARTHUR  |  MONDAY, 24 AUG 2020
... Hostplus Choiceplus investment option. This option allows direct investments in companies in the S&P/ASX300 index, ETFs and LICs. It's offered as part of the existing investment menu. Hostplus introduced some new terms and conditions which allow ...

WAM makes proposition plans public

ALLY SELBY  |  WEDNESDAY, 19 AUG 2020
... history of poor performance for shareholders," Wilson said. "The current boards proposal to appointment an unproven manager of LICs is flawed and on unfavourable terms for the company." WAM has a 14.3% stake in CIE at present, with Wilson slamming its ...

WAM makes alternatives play

ALLY SELBY  |  THURSDAY, 16 JUL 2020
... investors with access to a high-quality investment manager with significant expertise in managing listed investment companies (LICS)." WAM chair Geoff Wilson welcomed the company's shareholders to a new era of management. "We believe the renewed alternative ...

Melbourne boutique appoints head of distribution

KANIKA SOOD  |  TUESDAY, 23 JUN 2020
... marketing and client services. Clayton was most recently a partner at SeedPartnerships, which advises fund managers on listing LICs and LITs, with past clients including the KKR, Regal Funds Management, Tribeca Investment Partners, VGI Investment Partners ...

Zenith defends LICs/LITs

ALLY SELBY  |  FRIDAY, 12 JUN 2020
... COVID-19 crisis. "Sentiment was already soft in the sector following the stamping fee debate in Q4 2019, which caused some LICs and LITs to increasingly trade away from their underlying value," he said. "Most managed investments transact at their asset ...

FASEA extension en route

HARRISON WORLEY  |  FRIDAY, 22 MAY 2020
... attention to the FASEA extension bill. "We welcome the exemption as it ensures Australians continue to invest with confidence in LICs and LITs," FPA chief executive Dante De Gori said. "Today's announcement also removes any impediment to passing ...

Plan for the worst, hope for the best

ALLY SELBY  |  THURSDAY, 21 MAY 2020
... mid-small cap team had taken advantage of equity raisings in the current environment, Wilson said. Although sentiment in LICs plummeted as markets fell, Wilson believes there will still be opportunity over the medium term. "Before the market fell, the ...