By David Rogers
Geoff Wilson sees a bright future for listed investment companies as the industry moves from consolidation to growth despite the relentless growth of exchange-traded funds.
Fortunately stuck in Noosa during the Sydney lockdown, the chairman and chief investment officer of Wilson Asset Management spoke to The Australian about the future of LICs and sharemarket outlook after exceptional results and a capital raising by WAM Leaders.
“Broadly everyone is saying ETFs are growing exponentially and LICs are dead,” he says.
“My message is that LICs are alive and well, and they’re expanding.”
Read more in The Australian.