Opinion Piece – The LIC sector trades at a discount to NTA… Right? Listed Investment Companies (LICs) are required to disclose their pre-tax and post-tax NTA (net tangible assets) per share every month, 14 days from the month’s end.
Since the beginning of calendar year 2020, the number of ASX Listed Investment Companies has contracted 10.8%, notwithstanding the inclusion of two new admissions this quarter in WAM Strategic Value and Salter Brothers Emerging Companies.
Listed Investment Companies (LICs) and Listed Investment Trusts (LITs) under Bell Potter coverage collectively increased by 12.9% over the December quarter to $49.2bn, constituting 93.1% of the total $52.8bn Australian LIC/LIT market.
The 59 Listed Investment Companies (LICs) and Listed Investment Trusts (LITs) covered in the Bell Potter report collectively decreased 6.7% (incl. dividends) over the December quarter, compared to the All Ords Accumulation Index return of –9.0%.