November 30, 2015

LICs good way to sift emerging techies

By Tony Featherstone via

LICs such as Bailador are the best way for tech investors to leverage the skills of a specialist and mitigate the risks of what may otherwise be seen as a risky sector.

"Listed Investment Companies (LICs) are a newer option for tech exposure. They typically invest in Australian or international equities, but some LICs that have listed in the past 18 months have specialised in tech companies or other small-cap stocks."

"Using an LIC for diversified exposure to early-stage techs, and relying on professional investors who have sector expertise, networks in Silicon Valley and access to deal flow, makes more sense than punting on a tiny tech listing – especially for long-term portfolio investors."

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Tony Featherstone is former managing editor of BRW and Shares magazines