Joint Statement by Baillieu Limited Chairperson David Trude and Managing Director Gavin Powell

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Listed Investment Companies (LICs) | March 2020 performance review and update

Top picks: Our top picks refer to preferred exposures within each sector based on numerous quantitative and qualitative factors. They should not be treated as official stock recommendations but merely as a guide to where we would apportion funds at this point in time. The table on page 3 provides an update of the overall sector, as at 31 March 2020, with our estimated current net tangible assets (NTAs) derived from our model portfolios for the LICs.

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