LICs and LITs

Listed Investment Companies (LICs) and Listed Investment Trusts (LITs) continue to be one of the great success stories of the Australian Securities Exchange (ASX). These vehicles have been trading on the ASX for over 100 years, but it is only recently that a broader range of investors and managers have capitalised on the opportunities offered by the sector.

LICs and LITS are ASX-listed vehicles established to invest in a portfolio of securities, managed by a professional fund manager. The vehicle raises a fixed amount of capital through an Initial Public Offering (IPO) and new capital can only be raised through corporate issues. The securities are traded on the ASX like any other listed security.

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