2017 was an exceptional year for new listed investment company (LIC) and listed investment trust (LIT) raisings, with 14 new entities raising a total of $4.2bn via initial public offers.
This significantly exceeded the funds raised by new LIC/LIT offers in the previous two years and lifted the total number of LICs & LITs on the ASX to 105 by the end of November 2017, for a total market capitalisation of $38.2bn. Three entities accounted for $2.6bn of the funds raised in 2017 with Magellan Global Trust (ASX:MGG) raising over $1.5bn, VGI Partners Global Investments (ASX:VG1) $550m and MCP Master Income Trust (ASX:MXT) $516m.
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