Listed Investment Companies (or LICs, for short) were here long before Exchange-Traded Funds (ETFs) and continue to form a bedrock in many retiree portfolios. Around $50 billion was held inside LICs at the end of February 2023.

Popular LICs include those from Argo, AFIC, Wilson Asset Management, BKI, MFF Capital and others.

Welcome to this episode of The Australian Investors Podcast where we dive into LICs.

Experienced investment analyst Owen Rask and financial planner Drew Meredith, CFP spend 20 minutes purely focused on covering everything you need to know about LICs.

1. Closed-end structure versus ETFs
2. Why LICs are active
3. Fees versus ETFs
4. Why LICs make sense
5. Tax and franking credits

LICs episode resources:

• ASX monthly fund reports (covering LICs, ETFs, mfunds, Active ETFs and REITs)
• Owen Rask’s Investor Bootcamp — my FREE 25-page training manual (GOOGLE DOC)
• LICAT website

Owen & Drew’s favourite tackle and gear

• Join Owen's Rask Core 🌏 – $9.99 per month
• Get financial planning advice
• Join ASA for just $49 and stand up for your rights

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J.P. Morgan Asset Management

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The Australian Investors Podcast series is proudly supported by J.P. Morgan Asset Management. With over $3.4tn in assets under management globally, J.P. Morgan ETFs push the boundaries of ETF investing to help build stronger, diversified active portfolios. This information is generic in nature and does not constitute as offer or personal financial advice. Investors should seek professional advice, refer to further details, relevant Product Disclosure Statement and Target Market Determination on their website.

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DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg

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