Two products which are available in the market for investors are LICs (listed investment companies) and managed funds. These two products are very similar but they also have their differences. In this article we discuss the definitions and differences of both. What is an LIC (listed investment company) Listed investment companies (LIC) are publicly listed companies with the main objective to actively manage money and outperform a benchmark. Investors can purchase these LICs on the stock exchange. When investors purchase …

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