Argo launches infrastructure LIC

Argo Investments has launched a new infrastructure LIC, but we're happy to wait for a better price.

Earlier this month, the RBA cash rate hit a record low of 2.0% and recent speeches suggest it will stay low for a while yet. With few places to park money at decent returns, investors have flocked to higher-yielding infrastructure stocks.

‘Yield seeking’ has paid off, too. The All Ordinaries Index has increased 6% over the past year, while the Utilities Index increased 12% and the Telecommunications Services Index rose 20%.

LIC focused on global infrastructure

High fees



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