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.
