3 bargain basement small-cap LICs

Financial Journalist
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Market pricing of Listed Investment Companies can be a weird science. A LIC trades on a persistent, large discount to the value of its underlying portfolio for no good reason.

Discount dilemma

LIC bulls promote this as an opportunity – with a LIC that trades at a 20% discount to its pre-tax Net Tangible Assets (NTA), investors in theory are buying $1 of assets for 80 cents.

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