I often mention to other investors that looking for opportunities in the LIC sector has been a significant part of my strategy.
A reaction I have had on several occasions from them is to bring up an example of a LIC boasting great performance figures.
Continue reading “LIC IPOs under $50 million. Potential traps and confusing performance reporting.”
Author’s note: In compiling this article I have used data as at 25th April, 2018.
Recently I was checking out Morphic Ethical Equities Fund (MEC) and observed how fickle the premium / discount to NTA can behave. It is almost one year since listing and this type of pattern I see quite often in new LICs. Continue reading “Investing in global LICs at IPO stage & brief thoughts on WAM Global.”
The positives of the older, low fee LICs I feel are very well known and covered. I personally think they have been excellent investment products for so many for such a long time. I particularly like the positive influence they have had on investors helping them with the behavioural aspects. i.e. sticking the course and seeing the benefits of compounding, highlighting dividend returns and benefits from not overtrading, including taxation benefits.
Now for the section where I might receive some negative feedback!
Continue reading “The other side to the older, low fee LICs.”