Bell Potter LIC Weekly: MFF Ups Cash Weighting, Asian Exposure Via LICs

By William Gormly | More Articles by William Gormly

MFF further increases net cash weighting

Net cash as a percentage of investment assets and net cash in MFF Capital Investments Limited (MFF) increased to 33.9% as at 17 April and had grown to be the largest position in MFF after being 3% at the end of February. We estimate that approximately 70% of the portfolio is currently weighted towards net cash and investments in Visa Inc and MasterCard Inc.

Asian exposure via LICs

Figure 2 highlights the 3 Asian LICs in this report. Despite the pre-tax NTA return outperforming the benchmark by 4.7% during the first quarter, Platinum Asia Investments Ltd (PAI) widened out to a 14.3% discount. These levels are an attractive buying position for a diversified portfolio of large Asian companies, led by Tencent and Alibaba.

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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