I am trying to sort a few companies into various sectors from the main ASX GICs list (Sector, Industry Group).
1. Are LICs (Listed Investment Companies) included in Financial > Diversified Financials?
2. An example is TEK which on the ASX site which says it is a LICs with no peers
https://www2.asx.com.au/markets/company/tek
but Market Index says it is a Diversified Financial.
https://www.marketindex.com.au/asx/tek
(Note both sources say they use S&P for Market information.)
1. Are LICs included in Sector weighting or are they like ETFs and not included as they principally hold ASX shares anyway?
TIA
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