Chanticleer
LIC sector far from dead as fundie wars flare up
Fund managers’ perennial fight over a pot of fees ensures fundie wars will rage again this year. One fighter not scared to put noses out of joint is happy to lead the way.
Rockstar fund managers’ listed funds are dropping like flies, but the vanishing act is more overdue clean-up job than the death of a sector that has served financial planners and retirees for decades.
On Wednesday, it was Investors Mutual’s QV Equities – a listed investment company that has about $240 million in ex-ASX20 stocks – in the firing line.
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