Ellerston Global tops November LIC/LIT returns
The LIC/LITs in the report collectively returned 2.9% (incl. net dividends) in November. The S&P/ASX 200 Accumulation Index and S&P 500 Total Return Index (in AUD) increased 3.3% and 5.5% respectively. Each of the three Asia focused LICs outperformed the benchmark, Asia AC ex-Japan Accumulation Index (in AUD), which returned 2.0%. PM Capital Asian Opportunities Fund Limited (PAF) was the top performing Asian LIC with 10.2% and had so far returned 15.1% in Q4, as at the end of November.
The top performing LIC/LIT was Ellerston Global Investments Limited (EGI) which provided shareholders with a 10.9% return.
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