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ANZ Smart Choice Super-Legg Mason Div

MMF2151AU

ANZ Smart Choice Super-Legg Mason Div MMF2151AU Strategy

The fund’s strategy is to invest in companies that have sustainable competitive advantages which translate into returns on capital in excess of their cost of capital for a sustained period of time. The fund’s portfolio will compromise 20 to 40 companies listed on stock exchanges around the world, but will also have some exposure to cash. The fund can use foreign exchange contracts to facilitate settlement of stock purchases and to mitigate currency risk on specific investments within the portfolio.
The investment objective & strategy is a summary of the investment's principal strategy as written in the prospectus. This information is pulled from the most recent product disclosure document.

Funds News & Analysis

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Morningstar reassess view of Platinum ETF and fund

Changes to the portfolio management team drive a ratings revision.
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Listed Investment Companies monthly performance: March 2024

The Morningstar LIC monthly report provides a snapshot of ASX-listed LICs, and whether they are trading at a premium or a discount to their net tangible assets (NTA).
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Why LICs may be close to bottoming

Investor disgust, consolidation, de-listings, price discounts, activist investors entering - it’s what typically happens at business cycle troughs, and it’s happening to LICs now. That may present a potential opportunity.

Markets

Index
Last price
Change
% Change
All Ordinaries 7,937.50 0.40 -0.01%
CAC 40 8,091.86 13.92 -0.17%
DAX 40 18,088.70 48.95 -0.27%
Dow JONES (US) 38,460.92 42.77 -0.11%
FTSE 100 8,040.38 4.43 -0.06%
HKSE 17,295.93 94.66 0.55%
NASDAQ 15,712.75 16.11 0.10%
Nikkei 225 37,704.45 755.63 -1.96%
NZX 50 Index 11,946.43 143.15 1.21%
S&P 500 5,071.63 1.08 0.02%
S&P/ASX 200 7,683.00 0.50 -0.01%
SSE Composite Index 3,049.90 5.07 0.17%

Market Movers

Name
Last price
Change
% Change
Zip Co Ltd ZIP 1.15 0.07 -5.74%
Telstra Group Ltd TLS 3.67 0.02 -0.54%
The Star Entertainment Group Ltd SGR 0.40 0.02 -3.61%
South32 Ltd S32 3.31 0.01 -0.30%
Base Resources Ltd BSE 0.25 0.03 11.11%
Cleanaway Waste Management Ltd CWY 2.71 0.30 -9.97%
Macmahon Holdings Ltd MAH 0.26 0.01 2.00%
Tabcorp Holdings Ltd TAH 0.73 0.01 -1.35%
Chalice Mining Ltd CHN 1.16 0.13 -10.12%
Stockland Corp Ltd SGP 4.39 0.07 -1.57%