“Investors who bought LICs/LITs when they were trading cheaply relative to asset backing in 2020 have been able to generate particularly high returns,” LICAT’s chief officer Ian Irvine said.
“Not only have they benefited from the upswing in the market value of shares generally, but they have also received a supplementary return as the LIC/LIT shares themselves returned to a more normal trading level relative to asset backing.”
According to Irvine, it was also very encouraging to see the income/yield segment of the LIC/LIT sector performing well, with fixed income LITs continuing to pay unitholders regular monthly income.
LICAT hits back at Monash criticism | Money Management
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Investors are now buying more index ETFs than ASX shares
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I invested in shares for the first time this week: hereâs how I did it
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May 8, 2021 â 11.00pm
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Amid ultra-low interest rates, hundreds of thousands of Aussies are dipping their toe into the sharemarket for the first time, in search of a higher return on their savings.
This week, I joined them. And because I know you love details, let me walk you through exactly how I did it.
Credit:Dionne Gain
Decide a plan for your money
Donât just go throwing your money into the sharemarket on a whim. Take time to think about what time horizon you have to invest and the possible alternative uses of your money.