The level of discount or premium at which an investor purchases a listed investment company (LIC) may have a significant impact in the first year of investing, but this impact decreases in the long term, according to a new report.

Wealth management firm L1 Capital today opened the initial public offering (IPO) for its new listed investment company (LIC), the L1 Long Short Fund Limited.

Antipodes Global Investment Company has reported an after-tax profit of $26.8 million and portfolio return of 13.2 per cent return after fees for the period to 30 June.

Listed investment company (LIC) Plato Income Maximiser’s initial public offering (IPO) has closed oversubscribed at more than $320 million, representing the third largest LIC raising in Australia.

The initial public offering (IPO) for ethically screened listed investment company (LIC), the Morphic Ethical Equities Fund, has exceeded its minimum target of $38.5 million, with just over a week of the offer period still to go.

Ethically screened listed investment company (LIC) Morphic Ethical Equities Fund, the first launched in over a decade, is expected to align well with SMSF investors’ growing desire for environmental, social and corporate governance, and responsible investing.