LICs, page-27

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    Morphic Global Ethical LIC lists today on ASX.
    Their unlisted fund has done OK the past couple of years. Unusual portfolio though, with lots of emerging markets exposure.
    Should be more of a satellite fund rather than a major holding for most people methinks. The ethical nature will appeal to some. No fossil fuels, no tobacco, alcohol, gambling, environmental degradation or "intensive farming"
    Headed by Jack Lowenstein, formerly of Hunter Hall. Highly experienced.
    Portfolio manager Chad Slader sounds ok in video clips I have seen.
    Might be worth a look if trades at discount to NTA like most global LICs tend to these days.
 
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