Investors pushed into risky listed funds (AFR 20/07/19)

We have written a lot over our concerns on LICs through The Australian over the years and as recently as a month ago (refer).

This is a very good article by AFR journalist John Kehoe looking at the huge growth in LICs. The demand for these products is being exacerbated by a regulatory “loophole” being exploited by some advisers who are being paid lucrative commissions to sell risky listed investment companies to retail investors and self-managed superannuation funds.