How to Invest in AMCIL

Shares in AMCIL trade on Australian Stock Exchange in the same manner as any other listed company. Our shares can be purchased through any sharebroker. The stock exchange code for AMCIL is AMH.

The Company does not charge entry of exit fees when shareholders acquire or dispose of their holdings, although transaction costs will be borne when buying or selling through a stockbroker.

What are Listed Investment Companies?

LICs provide investors with exposure to a professionally managed portfolio of assets held by the company. These assets may include Australian shares, international shares, fixed income securities, property, and unlisted private companies. LICs’ investment approach can range from a long-term value focus to more active trading strategies. Shares in LICs trade on ASX in the same manner as any other company.

The 'closed end' structure of LICs means the number of shares on issue is stable and the manager does not regularly issue or cancel shares as investors enter and leave. This allows the investment manager to concentrate on the performance of the fund without having to consider any inflow or outflow of monies. Theory suggests this approach leads to better investment returns. Investors may purchase additional shares onmarket or through purchase and dividend reinvestment plans. LIC pricing is related to the value of the assets held in the portfolio, and the market perception of the company’s future earnings potential. Supply and demand factors determine prices, which can be at a discount or premium to the value of the investment portfolio held by the company. There are more than 30 LICs listed on ASX, offering a selection of asset classes and investment styles. Their legal structure may be a company, where investors own shares, or a trust, where investors own units.