InvestSMART
The Intelligent Investor Growth Fund is listing on the ASX. Initial Offer now open

Help Centre

Frequently asked questions and other supporting information

Investing with Us
Intelligent Investor Australian Equity Income Fund(ASX: INIF)
Is INIF a Listed Investment Company?

No, INIF is an exchange quoted managed fund. This means it will not trade at a discount or a premium to its underlying net asset value like a Listed Investment Company (LIC) can do. Also, all listing costs are covered by InvestSMART and not the Fund. It is common to see a LIC take the listing costs out of the portfolio itself. This means if you pay $1 per share during the Initial Public Offer for a LIC, the costs of listing will come out of that dollar and it is common to receive $0.97 or $0.98 per share due to those costs. This is not the case with INIF. At the initial offer period you will pay $2.50 per unit and upon listing it will be worth $2.50.

Get in touch
Can't find what you are looking for? Contact support.