Listed Managed Investment Reports

Vanguard Australian Government Bond Index ETF (VGB) - www.vanguard.com.au
Sunday, February 3, 2013
VGB is one of six Australian Government Bond ETFs listed on the ASX. Each of the ETFs mimic a different fixed interest index. Compared to the other ETF portfolios, VGB is the cheapest from a fee perspective at just 0.20%p.a. The portfolio is low risk with the portfolio largely being allocated to securities with a AAA rating.
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WAM Research Limited (WAX) - Invests in Small to Mid Cap Stocks Outside ASX 100 - www.wamfunds.com.au
Sunday, February 3, 2013
WAX aims to maintain a portfolio of between 30 and 50 securities. The manager focuses on small-to-mid cap stocks with all investments outside the top 100. Given the company focuses on industrial stocks, the portfolio has very little, if any, exposure to the resource sector.
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Australian Foundation Investment Corporation (AFIC) - Maintains Recommended Rating - www.afi.com.au
Thursday, January 3, 2013
AFI is one of the original listed investment companies, established in 1928. AFI has a relatively conservative investment approach, with a long term investment horizon, and a focus on providing investors with capital growth and a dividend stream that, over time, grows faster than inflation.
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Aberdeen Leaders Ltd (ALR) - Concentrated Portfolio of ASX Stocks, Focus on Capital and Dividend Growth - www. aberdeenasset.com.au
Thursday, January 3, 2013
ALR is a listed investment company that was listed on the ASX in 1987. The company is managed by Aberdeen Asset Management Ltd, a global asset management group with over US$295B of assets under management. ALR focuses on investing in S&P/ASX 200 stocks. Aberdeen utilises only internally generated research and is not concerned with mimicking the benchmark index, as can be seen from the portfolio’s tracking error.
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Amcil Ltd (AMH) - High Conviction, Focus On Capital Growth - www.amcil.com.au
Thursday, January 3, 2013
AMH aims to generate capital growth through an investment in a portfolio of ASX-listed stocks. Whilst the company aims to pay an annual dividend, the company has a capital growth focus, with dividends dependent on the ability of the company to generate franking credits from its investments for distribution.
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