Bell Potter: Listed Investment Companies Weekly Report

Listed Investment Companies and Trusts (LIC/LITs) within the report cumulatively returned 1.84% in October 2019. In comparison, the S&P/ ASX 200 Accumulation Index fell 24.9 points or 0.4% over the month.

The majority of LICs with a large-mid cap domestic mandate outperformed this benchmark. Globally, the MSCI All Country World Total Return Index (in AUD) and S&P 500 Total Return Index (in AUD) returned 2.7% and 0.1% respectively. Each of the 3 Asian mandated LICs outperformed the MSCI All Country Asia Ex-Japan Total Return Index (in AUD), which had an October return of 2.4%.

The best performing LIC/LIT in the report during October was Blue Sky Alternatives Access Fund Limited (BAF), returning 10.3%. During the month BAF announced the settlement of the sale of all the interests in the Atira student accommodation portfolio. The sale occurred at a 17% premium to the carrying value.

For full details refer to the detailed report below or click here to download your copy.

William Gormly

About William Gormly

William Gormly is an ETF/LIC Specialist at Bell Potter Securities. Will provides comprehensive coverage of the ETF and LIC sectors, producing a range of highly regarded reports covering investment fundamentals, asset class structure and cost, and the role of managed investments in portfolios.

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