5 bargain LICs trading at a discount

Financial journalist and commentator on 3AW and Sky Business
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The listed investment company (LIC) sector has been forced to fight back since the advent of exchange-traded funds (ETFs) that have eaten into its market. Some of the largest Australian LICs, such as Argo Investments (ARG) and Australian Foundation Investment Company (AFI) have taken their management costs down to 0.18% a year, to be competitive with the Australian equity ETFs.

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