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What are LICs?

The creator explains that Listed Investment Companies (LICs) allow investors to give money to a fund manager who invests in a diversified basket of companies, charging fees. However, ETFs have significantly outperformed LICs in performance, tax efficiency, and transparency over the last 10-20 years, leading to LICs struggling in the market.

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The creator explains that Listed Investment Companies (LICs) allow investors to give money to a fund manager who invests in a diversified basket of companies, charging fees. However, ETFs have significantly outperformed LICs in performance, tax efficiency, and transparency over the last 10-20 years, leading to LICs struggling in the market.

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