The time has come for a quality, Australian LIC specializing in...

The time has come for a quality, Australian LIC specializing in Global Leaders.

It must run efficiently and transparently, similar to ARG, AUI etc.

I have spoken to the people at ARG, and they said that ARG is not the right vehicle, they are basically focused on what they do well, invest in quality Australian companies.

Running an 'international' LIC has added complexities and philosophical issues .. eg

* Should it be hedged or not ?
* Corporate issues, eg domiciled in Australia or OS, this introduces profit repatriation issues, tax issues which can be complex with all sorts of bilateral tax treaties etc.

Long story short ... good idea but specialised knowledge needs to be developed.



.