LIC managers: finding your perfect match

How to select the best managers with nothing more than a prospectus and Google.

Summary: When researching listed investment companies, look for the long term track record and incentives for the management team. Through using search engines and the LIC’s prospectus and reports, you can get a sense of which managers have significant skin in the game, where managers have worked previously, how many other portfolios they have demanding their attention, and whether they are willing to engage with shareholders and the media in a meaningful way.

Key take out: If an LIC ticks none of the boxes below, I would avoid it. Make sure you understand the motivations and investment processes of managers before investing.

Key beneficiaries: General investors. Category: LICs.



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