An eye on international LICs

Key Points Five ASX listed LICs offer broad international share exposure Each trades at substantial discounts to the value of the underlying shares Shareholders benefit from long term power of compounding plus upside if performance attracts the attention of new investors Background In LICs) often trade at a discount to their net tangible assets (NTA), the value of the shares in which they invest. LICs investing in overseas shares trade at larger-than-average discounts. If you want to add some international flavour to your share portfolio, they’re worth a look. Company/Fund ASX Code Security Type Market Cap 30/6/12 ($m) Manager...

In LICs) often trade at a discount to their net tangible assets (NTA), the value of the shares in which they invest. LICs investing in overseas shares trade at larger-than-average discounts. If you want to add some international flavour to your share portfolio, they’re worth a look.

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