Business
1 top ASX share according to this fundie // Motley Fool Australia
A leading fund manager, being the Eley Griffiths, has revealed one top ASX share that it thinks is worth owning.
Eley Griffiths is one of the fund managers that is taking part of the Future Generation initiative. This is where two listed investment companies (LICs) have been set up for philanthropic purposes.
Future Generation Investment Company Ltd (ASX: FGX) donates 1% of its net assets each year to youth charities, whilst Future Generation Global Invstmnt Co Ltd (ASX: FGG) donates 1% of its net assets each year to youth mental health charities.
The Future Generation LICs invest in the funds of fund managers, like Eley Griffiths, who work for free so that the donations can be made. There are no management fees or performance…
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