The table below shows the 30 largest LICs listed on the ASX.
Click the Name to explore the LIC.
Name | Ticker | Size | Listed | Focus | Cost |
---|---|---|---|---|---|
Australian Foundation Investment Company Limited | AFI | $9.1B | 1928 | Australian Equities | 0.14% |
Argo Investments Limited | ARG | $6.7B | 1946 | Australian Equities | 0.16% |
MFF Capital Investments Limited | MFF | $2.1B | 2006 | Global Equities | 0.31% |
WAM Capital Limited | WAM | $1.8B | 1999 | Australian Equities | 1.16% |
L1 Long Short Fund Limited | LSF | $1.8B | 2018 | Global Equities | 1.49% |
WAM Leaders Limited | WLE | $1.8B | 2016 | Australian Equities | 1.14% |
BKI Investment Company Limited | BKI | $1.4B | 2003 | Australian Equities | 0.18% |
Australian United Investment Company Limited | AUI | $1.3B | 1953 | Australian Equities | 0.11% |
Diversified United Investment Limited | DUI | $1.1B | 1991 | Australian Equities | 0.14% |
Plato Income Maximiser Limited | PL8 | $917M | 2017 | Australian Equities | 0.94% |
PM Capital Global Opportunities Fund Limited | PGF | $826M | 2013 | Global Equities | 1.19% |
WAM Global Limited | WGB | $825M | 2018 | Global Equities | 1.42% |
Carlton Investments Limited | CIN | $782M | 1928 | Australian Equities | 0.08% |
Djerriwarrh Investments Limited | DJW | $775M | 1995 | Australian Equities | 0.44% |
Mirrabooka Investments Limited | MIR | $630M | 2001 | Australian Equities | 0.60% |
Whitefield Industrials Limited | WHF | $615M | 1923 | Australian Equities | 0.46% |
Hearts and Minds Investments Limited | HM1 | $592M | 2018 | Global Equities | 1.83% |
VGI Partners Global Investments Limited | VG1 | $558M | 2017 | Global Equities | 1.68% |
Future Generation Global | FGG | $522M | 2015 | Global Equities | 1.13% |
Future Generation Australia | FGX | $480M | 2014 | Australian Equities | 1.15% |
Perpetual Equity Investment Company Limited | PIC | $455M | 2014 | Australian Equities | 1.36% |
Platinum Capital Limited | PMC | $388M | 1994 | Global Equities | 1.37% |
Regal Asian Investments Limited | RG8 | $366M | 2019 | Asian Equities | 1.63% |
Argo Global Listed Infrastructure Limited | ALI | $360M | 2015 | Global Infrastructure | 1.44% |
AMCIL Limited | AMH | $337M | 2000 | Australian Equities | 0.67% |
WAM Microcap Limited | WMI | $323M | 2017 | Australian Equities | 1.27% |
Platinum Asia Investments Limited | PAI | $314M | 2015 | Asian Equities | 1.43% |
Pengana International Equities Limited | PIA | $305M | 2004 | Global Equities | 1.49% |
WAM Research Limited | WAX | $249M | 2003 | Australian Equities | 1.38% |
Cadence Capital Limited | CDM | $225M | 2006 | Global Equities | 1.26% |
Listed Landscape aims to provide independent, transparent, and easy to understand information about Australian Listed Investment Companies. We primarily serve Australian individual investors, mainly self-managed superfund retirees.
We pride ourselves on being 100% independent and exist to serve the reader/ investor. We don’t take payments or advertising from product issuers or financial advisors.
We don’t and won’t promote or favour one LIC over another. Our goal is to present the information in easy to understand and standardised formats, so that our readers can make informed and confident decisions about the LICs they wish to invest their hard earned money into.
Listed Landscape focuses on Listed Investment Companies for two reasons:
More information on reason 1 above:
A Listed Investment Company (LIC) is one type of investment fund structure. Other types of investment funds include Exchange Traded Funds (ETFs) (which can be both actively managed or passive), Listed Investment Trusts, or Managed Funds.
The different structures have their own positives and negatives, which are dependent on the goals of the investor.
Some of the benefits of the LIC structure, which Listed Landscape focuses on, include:
It’s important to carefully review a LIC before making an investment decision. The investment strategies and operational strategies vary widely across the industry. Here are the metrics that Listed Landscape believe are important to review and compare: