On the surface, LICs and ETFs seem to do the same thing. They are both investment vehicles that provide investors with exposure to a diversified portfolio of assets. However, there are variances between the two products. How do LICs and ETFs stack up when investors are putting in place a strategy to reach their financial goals?
Professional standards CPD: 0.25 Client care and practice; 0.25 Technical competence
ASIC RG146 CPD: 0.25 Specialist knowledge - Securities; 0.25 Specialist knowledge - Securities