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Diversified United Investment

Fund Manager: Diversified United
Inception Date: Dec 01, 1991

Flawed ALP plan to hit retirees

The Australian - Oct 15, 2018

Liberal Party stalwart and one of Australia’s most respected chairmen and leading corporate directors, former ANZ and Woodside Petroleum chair Charles Goode, has savaged the ALP’s policy on franking credits arguing it was a “flawed and unfair” policy that would hurt self-funded retirees. He also said it was tougher in the current climate to find good growth and dividend paying stocks on the local market, with the listed investment company he chairs, Diversified United Investments, putting money into overseas funds. [More]

It’s official, the Australian Share Market has gone nowhere in the last 10 years. Referred to by some as Australia’s Lost Decade, the ASX 200 index closed at 5,310 on May 1 2006, and almost the same level of 5,252 on April 29 2016. What’s been missed in this comparison however is the impact of dividends on returns. Performance of shares including Exchange Traded Funds (ETFs) and Listed Investment Companies (LICs) is generally reported on their share price movements over time ... [More]

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