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Perth gold fund to make mark on Wall Street

The West Australian - Aug 16, 2018

The Perth Mint is taking WA gold to Wall Street with a unique exchange-traded fund. The Perth Mint Physical Gold ETF began trading on the New York Stock Exchange last night, with its shares offering part ownership of an ounce of gold and secured... [Link]

Direct investor numbers hit record highs

Investor Daily - Aug 16, 2018

More retail online investors are entering the market than ever before, and the number of people trading ETFs has risen by more than 10 per cent in the past six months. According to research firm Investment Trends’ 2018 First Half Online Broking... [Link]

The Australian public will get the opportunity to bankroll the best investment ideas from leading local and international fund managers while supporting medical research, in a new $100 million listed investment company... [Link]

Pengana LIC profitable again

Financial Standard - Aug 15, 2018

Pengana's listed investment company posted solid profits for the financial year, springing back from last year's losses of $23 million. Pengana International Equities (PIA) raked in a total investment income of $40 million, up 260% over... [Link]

Dividend increases boost Argo’s FY profit

Money Management - Aug 15, 2018

Australian listed investment company (LIC), Argo Investments, has announced a full-year profit of $218.9 million, which was 3.5 per cent higher compared to last year thanks to higher dividends from Macquarie Group, BHP Billiton and Rio Tinto. [Link]

If there is one thing fund managers are thinking about at the moment, other than yearly and half-yearly results, it is listed investment companies. From what we hear, there are at least half a dozen fundies testing the appetite of brokers and... [Link]

New high-conviction stockpicker Firetrail Investments is readying a $500 million initial public offering for a listed long/short Australian equities fund. Street Talk understands Firetrail, founded this year by a group of former Macquarie... [Link]

With one trade, ETFs can provide investors with the easiest way to achieve instant access to a broad base of companies and stock markets across different industries and even countries. [Link]

Neuberger Berman, a $US300 billion asset manager, has joined the rush to raise money from individual investors via the Australian stock exchange as is prepares to launch an initial public offering of its global high-yield bond fund. [Link]

Australian fund managers' new-found love of listed investment companies is set to claim another victim. Street Talk understands well-known fundie Tribeca Investment Partners is preparing its first foray into the world of LICs with a $300 million... [Link]

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