Magellan: mitigate LIC mis-selling risks
With fund managers using LICs and LITs to circumvent conflict of interest rules, advisers are incentivised to move retail investors into riskier products, writes Christopher Joye.
Christopher Joye is a contributing editor who has previously worked at Goldman Sachs and the RBA. He is a portfolio manager with Coolabah Capital, which invests in fixed-income securities including those discussed in his column.
With fund managers using LICs and LITs to circumvent conflict of interest rules, advisers are incentivised to move retail investors into riskier products, writes Christopher Joye.
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