PIC-ing winners

The Perpetual Equity Investment Company boasts a team of experienced stock pickers and plenty of cash in a correction.

Last week I took a look at a handful of LICs that had a good amount of cash on hand prior to the market correction (see Spotting cashed up LICs, August 31). I also spoke with the managers of those LICs and discussed what they were currently doing and all were selectively deploying cash into this market.

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