Independent Wealth Advice Blog
The Insane Fees and Costs of Listed Investment Companies - Part 2, Eat a LIC
Imagine charging investors 4.33% to underperform the index, or running another Aus equities LIC and charging 2.40%, imagine no longer friends, start a Listed Investment Company.
How Listed Investment Companies Charge Double The Fees - Part 1, A Bunch of LIC Heads
Let’s unpack how externally managed LICs can saddle investors with incredibly high fees.
Yellow Brick Road, who’s behind the curtain?
After first joining the ASX via a backdoor listing, YBR seems to be departing in a similar fashion. But to enjoy the fairytale of Yellow Brick Road, let’s look at the characters.
How conservative are AustralianSuper’s Unlisted Property Valuations?
When you actually check the data, relative to their own ranges, it seems AustralianSuper’s unlisted property investments are valued quite conservatively and at the low end of the range of estimated value.
AMIST Balanced MySuper - All you can eat Unlisted Property
Can't get enough of Unlisted Property in Super? Neither can the Australian Meat Industry Superannuation Trust aka AMIST Super, topping the tables with 20% of their MySuper Balanced option invested in Unlisted Property.
IOOF’s Internally Operated Office Fund
In the IOOF MySuper - IOOF Balanced Investor Trust offering Insignia Financial invest $246,890,911 or 7.18% of the fund into unlisted direct property, of which 65% is commercial. This means a full 4.7% is invested in unlisted direct office property.
REST’s Offices, Canary in the Coal Mine or Water off a Duck’s Back?
How much money does REST hold in Office Blocks? More importantly, what are they valued at?
BT... Bin Truck Super?
Lets try to work out how exactly BT Super MySuper has fallen so afoul of the APRA Performance Test