Future Generation Investment Company Limited (ASX: FGX) which listed in September 2014 offers shareholders the opportunity to gain unprecedented access to prominent Australian fund managers through a single listed investment company (LIC), while also supporting Australian charities focused on children and youth at risk.
The company offers diverse exposure to Australian equities through a range of different investment styles and strategies employed by its fund managers.
Future Generation Investment Company Limited charges 0.0% management fees and 0.0% performance fees and donates 1.0% of its net assets each year to Australian charities supporting children and youth at risk.
The company’s investment objectives are to provide fully franked dividends, to achieve capital growth, and preserve shareholder capital.
Future Generation Global Investment Company Limited (ASX: FGG) which listed in September 2015 is Australia’s first internationally focused listed investment company (LIC) with the dual objectives of providing shareholders with diversified exposure to global equities and changing the lives of young Australians affected by mental illness.
FGG offers investors the opportunity to gain unprecedented access to prominent global fund managers – a number of whom are closed or not accessible to retail investors – through a single ASX-listed investment vehicle.
The company charges 0.0% management fees and 0.0% performance fees. Fund managers are managing the capital entirely pro-bono so that 1.0% of net assets each year can be donated to Australian charities committed to young Australians affected by mental health issues.
The company’s investment objectives are to provide long term capital growth and fully franked dividends, and to maximise total shareholder return.