The ?Master's' Voice

Weaker markets are supposed to favour listed investment companies '” but there’s no sign of that happening yet.
LICs are popular with many private investors and self-managed super funds as they generally offer some diversity in a portfolio of professional management at a reasonable cost.

The track records of many established LICs speak for themselves, but the rash of new listings over the past two years are still drastically underperforming.

Geoff Wilson is a major promoter of LICs. He has a management role at three '” Wilson Asset Management (WAM) Capital, Wilson Investment Fund and Wilson Leaders Fund. Separately, he is on the board of five more LICs.

Wilson recently launched a book he has co-authored with Anthony Hughes and Matthew Kidman '” Masters of the Market (second edition). The book published interviews with 16 masters including Robert Maple-Brown, Anton Tagliaferro, Peter Morgan and Wilson himself.

The release of the book provided a reason to examine the performance of his latest vehicle, Wilson Investment Fund (ASX code: WIL), in the context of what Australian equities are up to.

Disclosure: The Pascoe family super fund includes WIL shares, unfortunately purchased in the IPO.

Listed Investment Companies (LICs) are “drastically underperforming”, writes associate editor Michael Pascoe, after catching up with one of the best-known names in the LIC sector, Geoff Wilson. On video, Wilson explains why LICs are treading water while the stockmarket is enjoying an extended bull run

Weaker markets are supposed to favour listed investment companies '” but there’s no sign of that happening yet.

LICs are popular with many private investors and self-managed super funds as they generally offer some diversity in a portfolio of professional management at a reasonable cost.

The track records of many established LICs speak for themselves, but the rash of new listings over the past two years are still drastically underperforming.

Geoff Wilson is a major promoter of LICs. He has a management role at three '” Wilson Asset Management (WAM) Capital, Wilson Investment Fund and Wilson Leaders Fund. Separately, he is on the board of five more LICs.

Wilson recently launched a book he has co-authored with Anthony Hughes and Matthew Kidman '” Masters of the Market (second edition). The book published interviews with 16 masters including Robert Maple-Brown, Anton Tagliaferro, Peter Morgan and Wilson himself.

The release of the book provided a reason to examine the performance of his latest vehicle, Wilson Investment Fund (ASX code: WIL), in the context of what Australian equities are up to.

Disclosure: The Pascoe family super fund includes WIL shares, unfortunately purchased in the IPO.