There is an old stock market saying that the market “climbs a wall of worry” – well, if that is true, 2016 should be a great year.

What makes a good float? Unfortunately, that is one of those things that is only apparent in hindsight. Companies don’t necessarily have to hit the ASX screens with a bang, but they do have to have some attributes, or potential, or “story” to impress the market. Here are snapshots of the five best floats of the year.

The concept being followed by philanthropic listed investment company (LIC) Future Generation Global Company (FGG) has already been demonstrated by its stablemate, the Future Generation Investment Fund Limited (FGX), which listed on the ASX in September 2014.

Plenty of investment funds are launched promising a new twist, some kind of tweak of approach that delivers something never before offered to retail investors. But Future Generation Global Company (FGG) is genuinely unique – it is a global philanthropic managed fund.