Bell Potter LIC Weekly: Value In Cash

By William Gormly | More Articles by William Gormly

Analysing portfolio weighting towards cash of LIC/LITs in the past 3 months provides an insight into how different Manager’s views towards the market have rapidly changed.

Wider discounts for longer

LIC/LITs have witnessed a widening of discounts since asset prices sharply declined towards the end of February. With the exemption of established LICs with strong profit reserves and franking credit balances, many of the LIC/LITs have been sold off at a greater rate to the market which has opened up the average discount past the levels experienced in the lead up to the 2019 Federal Election.

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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