Pleasing to see more discussion on the performance figures that investors are presented with from ASX LICs. I have tried to raise a little bit more awareness of potential differences between what the ASX LIC may state, versus what is important for shareholders. The below link makes for some interesting reading, just looking back on the last 6 to 7 years. Doesn't read particularly well for some WAM LICs, and some absolute shockers for some LICs with smaller AUMs.
Factset's total returns with reinvestment/compounding from 13th August 1999 gets you about 12.5x
Without seeing if it's on price or NAV, gross or net and any adjustment factors - a number alone doesn't illuminate. What's the price only return?
Putting it through Sharesight on the day of IPO at $1 and clicking on DRP you end with $5.43, an annual rate of 6.8%
https://www.sharesight.com/
I can't speak to sharesight's data - and i don't know if the DRP was always available. But I do know WAM's figures are bunk!
Pleasing to see more discussion on the performance figures that investors are presented with from ASX LICs. I have tried to raise a little bit more awareness of potential differences between what the ASX LIC may state, versus what is important for shareholders. The below link makes for some interesting reading, just looking back on the last 6 to 7 years. Doesn't read particularly well for some WAM LICs, and some absolute shockers for some LICs with smaller AUMs.
https://valueinvestingforaliving.com/2024/12/27/asx-lics-performance-comparison-in-2025-which-is-the-best-vs-index-etfs/