Taking a punt on the underlying assets of some listed investment companies is a strategy that could pay off, but there are risks in premium and discount distortions.
hile exchange traded funds (ETFs) are all the rage and are growing by billions of dollars, listed investment companies (LICs) are like the forgotten old-timers of the ASX.
Emma RapaportCo-editor, Street TalkEmma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
