17 Mar Using LICs for portfolio asset allocation
For many investors, Listed Investment Companies (LIC) on ASX are a convenient way to gain exposure to a diversified portfolio of Australian shares and fully franked dividends. Up to the late 1990s, most LICs invested in large-cap Australian shares on ASX. Today, there are LICs over global equities, Asian equities, infrastructure, property, fixed income and alternative assets, such as private equity. Even within Australian shares, investors can gain access to LICs that specialise in large- or small-cap shares. ...