LICs market landscape 2020
Rainmaker Information The $44 billion Listed Investment Companies (LICs) sector is now dwarfed by other comparative segments: Exchange Traded Products (ETPs), Managed Accounts and mFunds. As recently as 2015, LICs had almost 50% more funds under management (FUM) than ETPs and nearly triple that of managed accounts, according to findings from Rainmaker Information’s latest Wholesale Advantage Report. In the five years to 30 June 2020, LICs grew 12% p.a. In comparison, ETPs grew 51% p.a., mFunds grew 71% p.a. and managed accounts had the largest growth being 87% p.a. LICs, unlike ETPs and mF...
Source: miragenews.com