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Showing 41 - 50 of 108 results for "Listed Investment Companies"

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 ...

Fund manager launches HNW advice

KARREN VERGARA  |  THURSDAY, 22 NOV 2018
... director and chair of Clime Capital. Clime offers individually managed accounts, managed funds and two listed investment companies, Clime Capital (ASX: CAM) and CBG Capital (ASX: CBC).

Merger to create $885m LIC

KARREN VERGARA  |  WEDNESDAY, 14 NOV 2018
Two listed investment companies will merge to create an $885 million single entity. WAM Leaders (WLE) is set to acquire 100% of Century Australia Investments (CYA), a LIC that primarily invests in the S&P/ASX 300 and has $97 million is assets. CYA aims ...