Money Magazine

Pros and cons of a listed investment company

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Q With listed investment companies (LICs) being popular in recent years, what are the pros and cons? Are they any better than exchange traded funds (ETFs)? We have owned Argo Investments for more than 15 years and the returns have been steady. Recently, we purchased some WAM Capital and Argo Global Listed Infrastructure.

LICs have real benefits: all the obvious stuff, such as

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