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LIC (Listed Investment Company)

LIC (Listed Investment Company)

A listed investment company (LIC) is an investment listed on a stock exchange that is incorporated as a company. LICs operate similarly to a managed fund as they have a manager who operates its investments. An LIC does not usually issue or cancel shares in the fund to mirror demand, i.e. they are close-ended. As a LIC is a company, investors in the LIC receive dividends.

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LIC (Listed Investment Company)
Managers of an LIC can focus wholly on their investments as they do not need to issue or cancel new shares in the company to respond to demand. This also allows an LIC to take a long-term view of investing. Additionally, they offer members diversification benefits and allow individuals to access market sectors that would be difficult to otherwise access.
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