ASX shares jump

LICs Are Jumping, Including AFIC (ASX:AFI) Up 2% And WAM Capital (ASX:WAM) Up 6%

The listed investment company (LIC) industry is rising as investors celebrate keeping their franking credits.

ASX LICs, election, pol

Will The Federal Election Hurt Your ASX LICs?

It has been widely discussed over the last year that SMSF investors are concerned about possible changes to the treatment of franking credits. Many LICs have been popular with the SMSF investing community in recent years due to their ability to deliver consistent fully franked dividends. More than a year has passed since the Labor Party made the public aware of potential changes to how franking credits could be used. Yet it appears trading in popular LICs has been affected … read it