The LICs' favourite stock picks

We looked at the holdings of 21 LICs with fundamentally driven investment processes. Which companies do they all agree on?

Summary: The big banks feature heavily in LIC holdings, with managers fond of the predictable earnings and dividends delivered. The second most frequently held stock in our surveyed LICs is intellectual property business IPH Ltd (IPH), which managers see as having a pleasing growth outlook and offshore earnings. While this survey does not take into account the time and price at which an LIC purchased a stock, it does give an indication of which stocks tick the “quality” box. 

Key take out: LICs offer investors transparency when it comes to holdings. Even if you pick your own stocks, it could be worth considering listed investment companies as an option.



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