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About: Listed investment company     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:WikicatExchange-tradedProducts, within Data Space : dbpedia.org associated with source document(s)

Type: yago:Artifact100021939yago:Commodity103076708yago:Merchandise103748886yago:Object100002684yago:PhysicalEntity100001930organisationyago:Whole100003553yago:WikicatExchange-tradedProducts New Facet based on Instances of this Class

A listed investment company (LIC) is an Australian closed-end collective investment scheme similar to investment trusts in the UK and closed-end funds in the United States. Instead of regularly issuing new shares or canceling shares as investors join and leave the fund, investors buy and sell to each other on the ASX. They are traded like other securities on the Australian stock exchange.