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Showing 41 - 50 of 110 results for "Listed Investment Companies"

Fixed income liquidity squeeze bites

KANIKA SOOD  |  THURSDAY, 2 APR 2020
... while exchange traded funds showed substantial discounts for the first time on March 12, and many listed investment companies and trusts (LICs and LITs) have long traded at discounts to their net tangible assets. Fixed income markets in March had far ...

Government ignored ASIC over LIC carve-out

HARRISON WORLEY  |  MONDAY, 6 JAN 2020
... expansion of the carve-out was designed to allow financial advisers to recommend clients invest in listed investment companies and trusts which pay conflicted commissions to advisers. An internal email released under the FOI request airs ASIC's previously ...

Discounted LIC fund opens to all

HARRISON WORLEY  |  WEDNESDAY, 4 SEP 2019
... available to all investors in Australia and New Zealand, allowing more people to invest in a suite of 30 listed investment companies Affluence considers to be discounted. According to Affluence chief executive Daryl Wilson, a lack of research and fewer ...

Publisher slammed for Future Fund claim

HARRISON WORLEY  |  MONDAY, 2 SEP 2019
... statements that consumers could mimic the performance of the Future Fund through a series of investments in listed investment companies and exchange traded funds. The publisher agreed with ASIC on the facts to be considered by the court in the corporate ...

PM Capital LICs add director

JAMIE WILLIAMSON  |  FRIDAY, 5 JUL 2019
A former Citigroup managing director was appointed to the board of PM Capital's listed investment companies. Chris Knoblanche has joined the boards of PM Capital's Global Opportunities Fund and Asian Opportunities Fund as a non-executive director, with ...

Two LICs set to merge

KARREN VERGARA  |  WEDNESDAY, 19 JUN 2019
Two Australian equities listed investment companies are set to merge to create a $137.2 million entity. Clime Capital (CAM) has made an offer to acquire CBG Capital (CBC) under an off-market takeover bid. CBG has consequently advised its shareholders ...

SMSF darlings revealed

KANIKA SOOD  |  MONDAY, 4 MAR 2019
... total market (ASX: VAS). Total trading value for ETFs rose 11.4% in the second half. By contrast, listed investment companies registered a 7.7% increase in their total traded value. The average trade size lifted 5% from the previous six months. "Just ...

Pinnacle nears $50bn milestone

DARREN SNYDER  |  FRIDAY, 22 FEB 2019
... in 1H18 and now totalling $9.4 billion. The growth was seen across both affiliate fund managers and Listed Investment Companies (LICs). Pinnacle recorded net profit after tax of $10.1 million for the six months, an increase of 24.7% on 1H18. It also ...

Former Macquarie executive joins LICs

KARREN VERGARA  |  THURSDAY, 31 JAN 2019
A long-serving Macquarie Group executive has joined the board of two listed investment companies. Sarah Williams joins as an independent director of NAOS Emerging Opportunities Company (NCC) and NAOS Ex-50 Opportunities Company (NAC) effective 31 January ...

LICs defy franking credit refund changes

KARREN VERGARA  |  TUESDAY, 22 JAN 2019
Amid the uncertainty surrounding the future of franking credit refunds, two listed investment companies are rewarding shareholders with special dividends. The Australian Foundation Investment Company (AFIC) and Mirrabooka announced they will pay special ...