Heavy LIC discounting triggers corporate action

With the majority of listed investment companies trading below net asset backing, some LICs are under threat of takeover or wind-up, while others are working on ways to close the discount gap. Analysts caution investors against buying LICs trading at…

ASX a happy hunting ground for debt investors

The third listing of a credit fund on the ASX in a year has breathed life into a sector that, until recently, has provided investors with few opportunities to invest in corporate debt. Last month’s listing of Neuberger Berman’s NB…

Lowell Resources Fund

Mining and energy investment specialist Lowell Resources Funds Management is listing its 14-year old managed fund on the Australian Securities Exchange, giving a broader pool of investors access to its global portfolio of junior mining and energy companies. The new…

Strong microcap returns prompt new fund launches

The microcap sector has been a happy hunting ground for investors in Australian equities in recent years and the strong returns have encouraged several investment managers to launch new funds. However, a leading research house warns that the high returns…

Argo looks for value in small caps

Australian equity fund managers are increasingly looking for investment opportunities among smaller companies. Argo Investment Ltd revealed in its half-yearly report that it has been increasing its positions in a number of small caps. Argo reported that, as the Australian…

Mid-cap equity LIC upgraded to ‘highly recommended’

Independent Investment Research has upgraded its rating of listed investment company Mirabooka Investments to ‘highly recommended’, citing its strong investment team, transparency, low cost and long track record of good performance. Mirabooka invests in small and mid-cap stocks and is…

Hunter Hall Global Value’s rating restored

Independent Investment Research has reviewed the changes made to Hunter Hall Global Value Ltd (HHV), after Hunter Hall’s merger with Pengana Holdings earlier this year, and it has reinstated the fund’s ‘recommended’ rating. HHV is a listed investment company that…

Microcap managers beat their benchmark

The microcap sector of the Australian sharemarket was a happy hunting ground for active fund managers in 2016/17. While active managers struggled to beat their benchmarks in a number of investment markets last financial year, the majority of microcap managers…

Global investing with conviction

International equity specialist VGI Partners has launched a prospectus for a new listed investment company, VGI Partners Global Investments Ltd, offering retail investors access to the high conviction, long-short portfolio it has managed for high net worth investors since 2009.…

AFIC refreshes its portfolio

Australia’s biggest listed investment company and noted long-term stock holder, Australian Foundation Investment Co, added several new companies to its portfolio during the 2016/17 financial year. Its biggest addition was the finance industry service provider Link Group. AFIC spent $26.8…