PGF ASX PM Capital Global Opportunities Fund vs VG1 ASX VGI Partners Global Investments
Continue reading “PGF ASX PM Capital Global Opportunities Fund vs VG1 ASX VGI Partners Global Investments”
Category: ASX LICs
Here is my medium / long term ASX LIC performance comparison of the most popular LICs against relevant ASX index ETFs.
Continue reading “ASX LICs PERFORMANCE COMPARISON IN 2025, WHICH IS THE BEST vs INDEX ETFs?”According to an article on LICs from Firstlinks earlier this year, “the number of LICs listed on the ASX peaked at 115 almost six years ago and is down to 88 now.”
As I shall touch on further down, more strategic reviews of ASX LICs are currently taking place so the number should again decline further over the next year.
Continue reading “THE DEATH OF CLOSED END FUNDS OR ASX LICs”Here is my medium / long term ASX LIC performance comparison of the most popular LICs against relevant ASX index ETFs.
Continue reading “ASX LICs PERFORMANCE 5 YEARS TO 2024, WHICH IS THE BEST vs INDEX ETFs?”Here is my medium term ASX LIC performance comparison of the most popular LICs against relevant ASX index ETFs.
Continue reading “ASX LICs PERFORMANCE 4 YEARS TO 2023, WHICH IS THE BEST vs INDEX ETFs?”A checklist for buying ASX Listed Investment Companies (LICs) shares
A list of 10 factors to check as a guide when to buy, scroll down for further explanations on each. (Written first a few years ago but still relevant for ASX LICs in 2021 & 2022 I feel!).
Continue reading “LIC Investing – 10 factors to check before buying.”
A recent AFR article reminded me once again about how ASX LIC performance fees are a very nice deal for the fund managers. The article quite rightly posed questions about how they are free to choose whatever benchmark they like. Then why they sometimes are rewarded substantially when the shareholders go backwards, and why there is no standardised format to present what their performance numbers actually are.
In fact it, is due to the issue of ASX LICs choosing all sorts of variations in performance reporting methods that I wanted to explore some LICs in particular. Have they earnt performance fees way out of line with the results they have achieved?
Continue reading “ASX LIC PERFORMANCE FEES L1 CAPITAL, THORNEY, WAM CAPITAL, VGI PARTNERS”How to buy ASX Listed Investment Companies (LICs)
Or not to buy?
Don’t fall for the hype of conflicted advice on ASX LICs IPOs and get hit with commissions
Warning fictional post about an IPO of an ASX Listed Investment Company (LIC). There is so much cheap money around I fear that if I don’t include such a warning, some will think this is real and want me to send them the prospectus! Continue reading “AVOID THIS ASX LIC IPO!”
Contango Income Generator Limited (ASX:CIE),has recently been trading at a discount to NTA of circa 16%. An upcoming Extraordinary General Meeting (EGM) is set for July 14th. The business of the meeting is to:
Continue reading “Contango Income (WCM Global L/S) & WAM Capital SELECTIVE buyback”This blog post is referring to a very old study of Closed End Funds (CEFs) that I read this year. CEFs are the equivalent of what Australian investors usually refer to as ASX Listed Investment Companies (LICs). The study discusses in detail the typical life cycle of CEFs. It talks about why they often swing from premium to discount, and then back to NAV in a fickle manner.
(post written first in 2019 and updated slightly for 2021, maybe the lessons are still not being learnt!)