Listed investment companies

For people who don't want to actively manage a share portfoio, a listed investment company may be an alternative.

What is a listed investment company?

A listed investment company (LIC) operates like a managed fund but instead of buying units you buy shares in the LIC on the stock exchange.  The LIC invests in a range of other companies so with one purchase you can immediately diversify your investments.

LICs generally operate with relatively low management expense ratios so they are a reasonably cost effective way to invest.

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Listed Investment Companies

ASX Learn about LICs, research net tangible asset backing and performance

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