The Listed Investment Companies and Trusts Association (LICAT) will simplify its representation and participation in the sector by now being known as Listed and referring to offerings in the space as ASX (Australian Securities Exchange) listed investment vehicles or in an abbreviated form, LIV.
As a further development specifically aimed at assisting SMSF investors, the industry body has launched a website with the needs of this cohort in mind.
“The new website contains valuable educational information, details of the advocacy work undertaken on behalf of the sector and its investors, along with a centralised list of all LIVs, called Find a LIV, showing 20-minute delayed price and announcements for each LIV,” Listed chief executive Ian Irvine revealed.
“Listed members also have links to their own websites and to their ASX listing pages.
“The experience is easy to follow and designed to assist investors make informed investment decisions about the closed-end LIV features, which are not available in other investment structures, and how these may suit particular investors’ needs.”
Irvine also acknowledged some of the recent developments the sector has witnessed.
“The past 12 months to December 2024 saw three new listings. Two new listed investment trusts [were introduced] in July and August – Pengana Global Credit Trust (ASX: PCX) and Metrics Real Estate Multi-Strategy (ASX: MRE) – while listed investment company Whitefield Income (ASX: WHI) [began trading] in December,” he noted.
“In addition to these initial capital raisings, the sector has seen secondary capital raised by way of DRPs (dividend reinvestment plan), SPPs (share purchase plan) or UPPs (underwritten public offering), entitlements and rights offers exceed $2 billion. Several new listings may come to market in early 2025. These issues reflect the demand from investors at this time.
“LIVs continue to serve the important purpose of providing Australian investors with convenient access to a range of differentiated, professionally managed investment strategies through a closed-end vehicle structure.”
