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LICs and cash reserves

Discussion in 'Listed Investment Companies (LIC) and Trusts (LIT)' started by twisted strategies, 5th Nov, 2019.

  1. twisted strategies

    twisted strategies Well-Known Member

    Joined:
    3rd Nov, 2013
    Posts:
    1,200
    Location:
    QLD
    i notice both WIC and OZG have each reduced their cash holding to 5% from much higher levels previously

    now i understand these LICs play in a niche market ( WA related stocks )

    but is this a trend elsewhere in LICs ( the monthly reports will be trickling out soon enough )

    does this denote a change in fund manager sentiment

    ( DYOR )