In his latest article written for Alan Kohler's Eureka Report, Scott looks at the performance of Listed Investment Companies.

Scott reports that they have, on average, underperformed the market average over the 5 years lead up to the end of June 2008.  They have also under-performed over the 1 year bear market period to the end of June 2008 - a time when some market participants suggest that LICS should outperform.

Click on the following link to read Scott's analysis - LICs show their mettle.