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Showing 61 - 70 of 149 results for "LICs"

Government ignored ASIC over LIC carve-out

HARRISON WORLEY  |  MONDAY, 6 JAN 2020
... Documents released under Freedom of Information laws reveal the government ignored ASIC's advice to not create a carve-out for LICs and LITs in the Future of Financial Advice conflicted commission ban. According to documents published last week under ...

Antares portfolio manager moves to LIC

KANIKA SOOD  |  THURSDAY, 7 NOV 2019
... more than 14 years with the company. He is joining the Australian Foundation Investment Company, which is among the largest LICs in the country and had market cap of $7.7 billion at the end of September. McNeill joins an investment team of nine. He will ...

ASX faces challenge on ETF stronghold

KANIKA SOOD  |  TUESDAY, 15 OCT 2019
... Miller said. "Once ASIC makes their views around it clear, the issuers will come to a decision." The exchange has looked at LICs and LITs in the past but does not have plans to list them in the foreseeable future, according to Jokovic. Chi-X is also ...

Portfolio manager departs LIC

KANIKA SOOD  |  TUESDAY, 15 OCT 2019
One of Australia's oldest global shares LICs is bidding farewell to its portfolio manager who is leaving the manager after 19 years to pursue other opportunities. Franklin Templeton announced Peter Wilmshurst's departure from the company earlier this ...

mFunds crack $1 billion, PIMCO dominates

KANIKA SOOD  |  FRIDAY, 11 OCT 2019
... Exchange traded products sat at almost $56 billion at September end, after crossing the $50 billion mark two months ago. LICs have $48 billion, A-REITS have $149 billion while infrastructure funds have $88 billion.

Discounted LIC fund opens to all

HARRISON WORLEY  |  WEDNESDAY, 4 SEP 2019
... Affluence chief executive Daryl Wilson, a lack of research and fewer institutional investors active in the market ensure LICs trade at large discounts to net tangible assets. "Most investors concentrate their holdings in a few of the largest LIC's," ...

State Street loses biggest ETF title

KANIKA SOOD  |  WEDNESDAY, 14 AUG 2019
... million and $9.7 million of new money come into the ETFs. Exchange traded products stood at $53 billion at July end while LICs stood at $347.5 billion.

Pinnacle profits up 32%

KANIKA SOOD  |  TUESDAY, 6 AUG 2019
... as $2.9 from retail investors and the remaining from institutional investors. Pinnacle has made a push into listed funds (LICs, LITs and recently ETFs) which accounted for almost a third of retail inflows of the year $2.9 billion. Majority of net institutional ...

PM Capital LICs add director

JAMIE WILLIAMSON  |  FRIDAY, 5 JUL 2019
... Andrew McGill who has indicated a likely desire to resign from the board following the issuing of financial results for the LICs.

Two LICs set to merge

KARREN VERGARA  |  WEDNESDAY, 19 JUN 2019
... shareholders will own about 19.2% of Clime Capital shares and 24.1% of its convertible notes if the deal goes ahead. The two LICs have similar mandates, investing across Aussie small, mid and large caps. Clime Capital listed in 2004, while CBG listed ...