We’re getting close to Christmas and so far the ‘Santa rally’ doesn’t seem to be happening. However, there are some ASX shares out there that I’m sure Santa would buy if he were investing today.
Here are three ASX shares for good investing:
Future Generation Investment Company Ltd (ASX: FGX)
Santa is obviously a huge fan of anything that helps kids. Future Generation is a listed investment company (LIC) that donates 1% of its NTA every year to charities helping young people.
This is possible because Future Generation invests in fund managers who don’t charge the LIC any management fees or performance fees.
Another of the main aims of Future Generation is to pay a steadily growing dividend shareholders. Kids and shareholders are a winner with this one.
Future Generation currently offers a grossed-up dividend yield of 5.5%.
Hearts and Minds Investments Ltd (ASX: HM1)
Hearts and Minds is another LIC that is set up with a similar structure to Future Generation. Its aim is to hold 25 shares based on the highest-conviction ideas from leading fund managers.
It also won’t charge any investment fees, instead it will donate 1.5% of NTA per annum to medical research charities.
One of the first investments to be revealed about the underlying portfolio is Reece Ltd (ASX: REH) from Emma Goodsell of Airlie Funds Management.
Although Santa isn’t known for medical research, I’m sure he’d appreciate another charitable company which only invests in the very best ideas.
Magellan Financial Group Ltd (ASX: MFG)
Santa likes to go right across the globe delivering presents to children. So if he were to invest money somewhere, then a fund manager that invests globally might make sense.
He might be attracted to the idea that Magellan’s funds are some of the most consistent outperformers of their respective benchmarks.
I think what Santa would particularly appreciate is that Magellan offers its investing services to both Future Generation Global Investment Co Ltd (ASX: FGG) and Hearts and Minds for free. That would put Magellan on the nice list in my opinion.
Magellan likes handing out presents to shareholders with its grossed-up dividend yield of 7.5%.
I’m sure Santa would appreciate these three shares. I like the Future Generation LICs the most, that’s why I already own the ASX-focused Future Generation.
Motley Fool contributor Tristan Harrison owns shares of FUTURE GEN FPO. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.