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Buy Hold Sell is a fast-paced business and investing podcast, bringing you stock tips and investment ideas every Friday and every second Monday. Join us as we quiz Australia’s top fund managers and investment analysts on a range of local and global stocks, as well as ETFs. Learn about the forces moving equities markets, the potholes you should avoid, and the companies going from strength to strength - all in 10 minutes or less. Whether you are new to investing or a seasoned professional, this podcast will get you thinking differently about markets.
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Friday Jul 23, 2021
Friday Jul 23, 2021
While the listed investment company (LIC) sector has grown 32% during the past financial year, underperforming LICs - particularly those that persistently trade at a discount to their net tangible assets (NTA) - remain in the spotlight.
According to data from Morningstar (as of June 30), 64 of the 100 ASX-listed LICs that they track trade at a discount to NTA post-tax (pre-tax this number shoots to 80), with the average LIC on their list trading at a discount of -4.4%.
In fact, Morningstar found that over the past financial year, 12 of these listed investment vehicles have either shifted into a different structure or have been wound down.
In this episode of Buy Hold Sell, Livewire's Bella Kidman was joined by VFS Group's James Whelan and Stockspot's Chris Brycki for a look at some of the best and worst that LICs have to offer. These include LICs from the Wilson Asset Management stable, as well as Regal, Plato, VGI Partners and Antipodes.
It seems there is a LIC for everyone ... or is there?
Note: This episode was filmed using Zoom on the 22nd of July 2021.
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