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LIC disclosure requirements divide industry on timelines

Vesna PoljakSenior markets reporter

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Fund managers are divided on whether listed investment company disclosure requirements are sufficient, as some LICs wait a full two weeks after the end of the month to update investors even though daily pricing is within reach of most managers.

Under ASX listing rules, LICs have 14 calendar days after the end of each month to disclose their net tangible asset (NTA) backing, which is the industry's standardised measure for what a LIC portfolio is worth.

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Senior markets reporter Email Vesna at vpoljak@afr.com.au

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    Original URL: https://www.afr.com/markets/lic-disclosure-requirements-divide-industry-on-timelines-20161208-gt6l65