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The value of Australian exchange-traded products has overtaken the value of listed investment companies for the first time and the market could double the size of its more established cousin within three years if growth continues. [Link]

A meeting between Monash Absolute Investment Company and suitor Sandon Capital is set to take place as early as Monday, after another merger proposal surfaced in the listed investment company sector. The meeting is shaping up as a heated one as... [Link]

Tribeca’s LIC lists on ASX

Money Management - Oct 12, 2018

A new listed investment company (LIC), Tribeca Global Natural Resources (TGF), has commenced trading on the Australian Securities Exchange (ASX), raising $157.5 million in an initial public offering (IPO) of 63,000,000 shares at $2.50 per share. [Link]

Geoff Wilson is once more turning his sights on Aurora Funds Management's Hastings High Yield Fund. The Wilson's Asset Management founder made several attempts to remove Aurora as the fund's manager in 2016, one of which would likely have... [Link]

The chief executive of Australia's oldest listed investment company says Labor's plan to change dividend imputation rules goes to the heart of the fairness of the tax system, and will reverberate for generations. Speaking on the sidelines of the... [Link]

ASIC provides relief on ETF short-selling

Money Management - Oct 09, 2018

The Australian Securities and Investments Commission (ASIC) has provided relief and guidance on short-selling, through an instrument that will allow exchange-traded fund (ETF) market makers to make named short sales in ETF and managed funds. [Link]

The initial public offering of Firetrail Absolute Return Limited (FTA) has exceeded its minimum target of $73.5 million, with the deal remaining now open for firm bids above $73.5 million. The listed investment company (LIC), which aimed to... [Link]

It was early 2015 and plaintiff law firm Slater & Gordon was on the march. Its shares had tripled in value in little more than a year and had become the biggest position in Wilson Asset Management's portfolio. So when Slater & Gordon struck... [Link]

Fidelity launches first active ETF

Investor Daily - Oct 05, 2018

Fidelity International is set to launch its first Active ETF in the Australian market by the end of October. The Active ETF will be an emerging markets fund and will be managed by portfolio manager Alex Duffy. Fidelity International’s Australian... [Link]

Just because Magellan Financial Group's Hamish Douglass is picking stocks for charity, don't expect him not to make a truckload of money for Rich Listers like Mike Cannon-Brookes, Solomon Lew and the Stokes, Ainsworth, Lowy and Packer families. [Link]

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