Mar 03 2021
Independent Investment Research analyst Radek Zeleny sheds light on how Australia s listed managed investments fared during the pandemic
[A Listed Investment Company (LIC) is a listed investment vehicle that offers investors access to a diversified portfolio of shares in other companies also listed on the stock market. These are variously also known as Listed Investment Trusts or Listed Managed Investments. They differ to Exchange Traded Funds in that they are close-ended, whereas ETFs are open-ended vehicles that are created and destroyed by the ETF sponsor based on demand/supply, akin to a futures contract.]
Note: For comprehensive comparative data tables for LICs and ETFs please see attached. The story below is part of IIR s monthly update on Listed Managed Investments (LIMs), which in its entirety is attached to this story.