AFIC Dips Into Reserves To Support Dividend As Profit Slips 40%
Australian Foundation Investment Co is dipping into reserves to pay an unchanged final dividend for the year to June 30 after a big fall in profit.
Read MoreLICs
Bell Potter LIC Weekly: Strong Tailwinds In Blue Sky
Bell Potter analyst William Gormly updates developments in the LIC market where the Board of Blue Sky Alternatives Access Fund has announced it has entered into a deed of termination with the current investment manager.
Read MoreDjerriwarrh Halves Dividend As Income Stocks “Severely Underperform”
Listed investment company Djerriwarrh has taken the axe to its final and full-year payout to shareholders, despite only reporting a modest 4.1% drop in earnings for the year to June.
Read MoreAFIC Discuss Their Investment Process
Mark Freeman Chief Executive Officer & Managing Director at Australian Foundation Investment Co (ASX: AFI) provides an update on the LIC’s investment process and investing philosophy.
Read MoreBell Potter LIC Weekly: WAM Capital Outperforms, Maintains Dividend
Bell Potter analyst William Gormly updates developments in Australia’s listed investment company market where WAM Capital’s investment portfolio has delivered an outperformance over the benchmark of 4.4% in FY20.
Read MoreMirrabooka Holds Dividend Despite Weaker Result
Melbourne based LIC Mirrabooka Investments has given us the first hint of what the June 30 reporting season is going to be like for the sector – not pretty, and it has also given us a heads up about the wider market and especially the ASX 200 – not pretty either.
Read MoreBell Potter LIC Weekly: Rare Discount Capture Opportunity
Bell Potter analyst William Gormly updates developments in Australia’s listed investment company market and highlights Future Generation Global which has traded at an average discount wider than 20% this calendar year.
Read MoreThe Way Forward For The LIC & LIT Industry
What does the future hold for the LIC/LIT industry following the Treasurer’s decision to exclude listed investment entities from the stamping fee provisions available to other listed companies?
Read MoreBell Potter LIC Weekly: Clime Capital Cuts June Quarter Dividend
Bell Potter analyst William Gormly updates developments in Australia’s listed investment company market where Clime Capital has announced a 16% YoY cut to the fully franked June quarter dividend.
Read MoreBell Potter LIC Weekly: Lanyon Targets “Fundamentally Flawed” LIC
Bell Potter analyst William Gormly updates developments in Australia’s listed investment company market where Adelaide-based Lanyon Asset Management has taken aim at Contango Income Generator Limited.
Read MoreBell Potter LIC Weekly: Patience Is A Virtue
Bell Potter analyst William Gormly updates developments in Australia’s listed investment company market where MFF Capital Investments appears well-positioned with approximately $750m of cash in the portfolio.
Read MoreBell Potter LIC Weekly: Fixed Interest LITs Maintaining Income Yields
Bell Potter analyst William Gormly updates developments in Australia’s listed investment company market where 5 LITs have maintained a strong level of income amidst the recent months of volatility.
Read MoreBell Potter LIC March 2020 Quarterly: Top Investment Picks
Will Gormly provides a comprehensive update on Australia’s LIC market for the March quarter and highlights MFF Capital Investments, Magellan Global Trust, and Australian Foundation Investment Company as top picks in the sector.
Read MoreBell Potter LIC Weekly: Whitefield Increases Final Dividend 2.5% YoY
Will Gormly updates developments in Australia’s LIC market where Whitefield Limited (WHF) has reported a year-on-year (YoY) decrease in investment revenue and net profit of 2.6% and 9.0%, respectively.
Read MoreBell Potter LIC Weekly: Pengana Updates International LIC Mandate
Will Gormly updates developments in Australia’s LIC market where Pengana International Equities Limited (PIA) has provided an update to the market that it is well placed to deliver a fully franked final dividend later in the calendar year.
Read MoreBell Potter LIC Weekly: Global Growth Focused To IT & Health Care
Information Technology (IT) and Health Care have been two of the top-performing global sectors in 2020 so far, showing greater resilience amidst the global equity sell-off in the first quarter.
Read MoreBell Potter LIC Weekly: MFF Ups Cash Weighting, Asian Exposure Via LICs
Will Gormly updates developments in Australia’s LIC market where net cash as a percentage of investment assets and net cash in MFF Capital Investments Limited (MFF) has increased to 33.9%.
Read MoreBell Potter LIC Weekly: Capital Preservation In An Equity Sell-Off
Will Gormly updates developments in Australia’s LIC market where VGI Partners has delivered a strong March result with a pre-tax NTA and share price return of 1.4% and 2.7%, respectively.
Read MoreBell Potter LIC Weekly: WAM Dividends, L1 Long Short Fund Nears 2 Years On ASX
Bell Potter analyst William Gormly updates developments in Australia’s listed investment company market where there are four WAM LICs that have upcoming fully-franked dividends payable that offer an attractive yield.
Read MoreBell Potter LIC Weekly: SEC Buyback, Metrics Credit Upgraded
Spheria has provided an update on the LIC’s share buyback while Metrics Credit Partners Diversified Australian Senior Loan Fund has been upgraded from BBB+ to A- by S&P Global Ratings.
Read MoreBell Potter LIC Weekly: Value In Cash
Analysing portfolio weighting towards cash of LIC/LITs in the past 3 months provides an insight into how different Manager’s views towards the market have rapidly changed.
Read MoreBell Potter LIC Weekly: Upcoming Dividends Provide Yield Opportunity
The sell-off has increased yields across LIC/LITs. Compared to open-end trusts, LICs can retain earnings over reporting periods which allows for a smoother distribution of dividends.
Read MoreBell Potter LIC Weekly: Sustainable Income During Market Volatility
Unlike managed funds and ETFs, LICs have the ability to retain earnings and franking credits across volatile periods to enable a sustainable, growing level of dividends over the long-term.
Read MoreBell Potter LIC Weekly: Nothing But Blue Skies From Now On?
Blue Sky Alternatives Access Fund has announced that all the key commercial terms for a change of manager to Wilson Asset Management have been met.
Read MoreBell Potter LIC Weekly: Bailador Maiden Special Dividend With DRP
Bailador Technology Investments Ltd (BTI) has announced its first special fully franked dividend of 2.5cps will be paid on 26 March 2020.
Read MoreBell Potter LIC Weekly: Understanding Time Period Bias
Focusing solely on performance data as at a specific point in time can lead to a time period bias in analysis. This is particularly apparent in LIC/LITs.
Read MoreAFIC Discusses The Changing Profile Of Its Portfolio
Australian Foundation Investment Company (ASX: AFI) CEO and Chief Investment Officer Mark Freeman discusses the recent changes made to their investment portfolio.
Read MoreBell Potter LIC Weekly: MFF Interim Dividend Increase With A Special
Bell Potter analyst William Gormly updates developments in Australia’s listed investment company market and provides comparative data.
Read MoreAMCIL Joins Larger LICs In Lightening Bank Exposure
AMCIL has revealed it has finished the revamp its investment portfolio in a way similar to that revealed on Monday by its larger listed investment company stablemate, Australian Foundation Investment Co.
Read MoreWhat Is A Listed Investment Trust?
Emma Kirk, Key Account Manager – Listed Funds with Magellan Asset Management, explains the ins and outs of LITs.
Read MoreAFIC Dividend Reverts As Earnings Slide
Like its stablemate, Mirrabooka Investments, the disappearance of the threat to dividend imputation from an ALP win in the 219 federal election saw Australian Foundation Investment Co, the country’s biggest listed investment co (LIC) slash returns to its investors for the six months to December 31.
Read MoreBell Potter LIC Weekly: Access To Asia At A Discount
Bell Potter analyst William Gormly updates developments in Australia’s listed investment company market and provides comparative data.
Read MoreBell Potter: Ellerston Global Tops November LIC/LIT Returns
The top-performing LIC/LIT in November was Ellerston Global Investments Limited (EGI) which provided shareholders with a 10.9% return.
Read MoreBell Potter: Weekly LIC Update
Bell Potter analyst William Gormly updates developments in Australia’s listed investment company market and provides comparative data.
Read MoreBell Potter: New LIC Additions
The coverage of LIC/LITs in the report has increased to 70 securities, which now represents approximately 95% of the total market capitalisation of the sector.
Read MoreBell Potter: Pressure Building On LICs
LICs that have provided unsatisfactory returns and trading at substantial discounts to NTA have been under scrutiny recently, and in many cases the scrutiny has been more than justified.
Read MoreBell Potter: Listed Investment Companies Weekly Report
Bell Potter updates developments in Australia’s listed investment company market and provides comparative data.
Read MoreBell Potter: Listed Investment Companies Weekly Report
Bell Potter updates developments in Australia’s listed investment company market and provides comparative data.
Read MoreThe Benefits And Risks Of Credit-Focused Listed Investment Trusts
With investors clamouring for better yields than paltry returns on cash deposits, the world’s top debt whisperers have obliged with an expanding cluster of ASX-listed funds to give retail punters an exposure to a $US2 trillion global sector hitherto the preserve of institutions and sophisticated investors.
Read MoreBell Potter: Top LIC Sector Picks
The 60 securities covered within this report collectively returned 3.0% (incl. net dividends) for the quarter, whilst making up 92.7% of the total sector based on market capitalisation.
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