Charles Goode and representatives from the Myer Family and the Ian Potter Foundation. No lightweights like MMA, HHV, WAM, CAM and all the other joke LIC's.
Best is best, Gareth.
For sheer portfolio quality, governance, business savvy of directors and low cost you cant beat AUI, DUI. ARG is a good alternative mainly due to certain flexibilities for investing in them eg SPP etc .. which tend to favour smaller shareholders. AUI, DUI do not distinguish between small and large shareholders and thats mainly due to theirs history .. they were set up as wealth preservation vehicles for certain families and charitable funds.
As for OS shares, you have to look elsewhere. AUI, ARG etc give you a superior exposure to the Australian economy. You dont want diversification for diversification's sake. All your assets must contribute to investment returns. (some people even buy gold for no other reason than some stupid notion that because it is uncorrelated with other markets it reduces risk. But its a cr*ap asset)
If you want some exposure to leading OS companies (a good idea) you either do it yourself or find an appropriate managed vehicle. HHV is not the answer.
CHO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
