Listed Managed Investment Reports

Vanguard Australian Shares Index ETF (VAS) - ETF Tracks ASX 300 Index - www.vanguard.com.au
Sunday, February 3, 2013
VAS is an index fund that tracks the S&P/ASX 300 Accumulation Index. VAS seeks to achieve this by holding all, or substantially all, of the securities that make up the index. The securities will be held in the same proportion as the index but may marginally diverge from time to time.
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Vanguard Australian Government Bond Index ETF (VGB) - www.vanguard.com.au
Sunday, February 3, 2013
VGB is one of six Australian Government Bond ETFs listed on the ASX. Each of the ETFs mimic a different fixed interest index. Compared to the other ETF portfolios, VGB is the cheapest from a fee perspective at just 0.20%p.a. The portfolio is low risk with the portfolio largely being allocated to securities with a AAA rating.
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WAM Research Limited (WAX) - Invests in Small to Mid Cap Stocks Outside ASX 100 - www.wamfunds.com.au
Sunday, February 3, 2013
WAX aims to maintain a portfolio of between 30 and 50 securities. The manager focuses on small-to-mid cap stocks with all investments outside the top 100. Given the company focuses on industrial stocks, the portfolio has very little, if any, exposure to the resource sector.
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Australian Foundation Investment Corporation (AFIC) - Maintains Recommended Rating - www.afi.com.au
Thursday, January 3, 2013
AFI is one of the original listed investment companies, established in 1928. AFI has a relatively conservative investment approach, with a long term investment horizon, and a focus on providing investors with capital growth and a dividend stream that, over time, grows faster than inflation.
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Aberdeen Leaders Ltd (ALR) - Concentrated Portfolio of ASX Stocks, Focus on Capital and Dividend Growth - www. aberdeenasset.com.au
Thursday, January 3, 2013
ALR is a listed investment company that was listed on the ASX in 1987. The company is managed by Aberdeen Asset Management Ltd, a global asset management group with over US$295B of assets under management. ALR focuses on investing in S&P/ASX 200 stocks. Aberdeen utilises only internally generated research and is not concerned with mimicking the benchmark index, as can be seen from the portfolio’s tracking error.
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