Argo launches infrastructure LIC

Key Points LIC focussed on global infrastructure High fees Wait for discount to NTA 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%. So you can see why Argo Investments thinks the time is right to float a...

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%.

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