"I use IFL, MFG, BTT, JHG as de-facto listed managed funds. Instead of having to pick from each of their managed funds i just own the whole business.
Spreads my risk and gives me exposure to Australian & International stocks."
I'm not sure you really know what it is you own in the form of IFL, MFG, BTT and JHG.
You seem to think you have direct exposure to the underlying funds when you own these companies, but this is not the case at all.
For what you are describing are listed investment vehicles (LICs) and none of the stocks you mentioned are LIC's. They are mere fund managers (and IFL is not even really that; its more of a fully integrated wealth manager-come-platform administrator)
IFL Price at posting:
$11.80 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
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