The Manager invests in a concentrated portfolio of up to 60 stocks and applies an ethical screen to stocks in the portfolio and will not invest or remove stocks that do not meet the ethical requirements.

At September-end 2015, there were 76 listed investment companies (LICs) and Listed Investment Trusts (LITs) on the ASX, with a collective market capitalisation of $27.8B. Over the 12 months to 30 September 2015, the market cap of LICs & LITs grew 24.6%, with 15 new listings over the 12-month period. As shown in the below chart, the number an market cap of LICs and LITs has accelerated over the last 12 months.

BTI is the only LIC on the ASX that offers access to a portfolio of direct investments in private companies. The Investment Manager comprises two highly experienced people in the technology and investment industry

8IP Emerging Companies Limited is a newly created investment company seeking to list on the ASX. The company is seeking to raise a minimum of $18m and a maximum of $50m through the issue of ordinary shares at $1.00 per share.

At June-end 2015, there were 65 listed investment companies (LICs) and Listed Investment Trusts (LITs) on the ASX, with a collective market capitalisation of $27.4B. Over the 12 months to 30 June 2015, the market cap of LICs & LITs grew 9.8%, with 9 new listings over the 12-month period.