PIC stock refers to the shares of Perpetual Equity Investment Company Limited (ASX: PIC), an Australian-listed investment company. If you’re looking for the old NYSE: PIC (Pivotal Investment Corporation II), note that it merged with XL Fleet in 2020 and is no longer active under that ticker—it’s now XL Fleet Corp. (XL). Below, I’ll focus on the current ASX: PIC, as it’s the active one matching your description. We’ll cover what it is, its background, advantages, disadvantages, and more—all in simple terms.
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PIC Stock Definition
PIC stock is the publicly traded shares of Perpetual Equity Investment Company Limited. This company gives investors easy access to a mix of mostly Australian stocks (like mid-sized companies) and some global ones, plus cash, bonds, and loans. Its main goal? Deliver steady growing income (like dividends) and long-term growth that beats the market average (S&P/ASX 200 benchmark). It was started on August 25, 2014, in Sydney, Australia, and is managed by Perpetual Investment Management Limited. As of September 23, 2025, the share price is around AU$1.27, with a market cap of about AU$488 million.
It’s like owning a piece of a smart “basket” of stocks—professionals pick 20-40 quality ones to keep things balanced and growing.
PIC Stock Description
Perpetual Equity Investment Company Limited (PIC) is a listed investment company (LIC) on the Australian Securities Exchange (ASX). It focuses on a concentrated portfolio of Australian listed securities, especially mid-cap stocks, with some global picks for variety. The company invests in sectors like materials, consumer goods, finance, industrials, real estate, and more. It’s designed for investors wanting steady income and capital growth over time, without the hassle of picking individual stocks.
PIC was incorporated in 2014 and is headquartered in Sydney. It trades under the ticker PIC on the ASX, and you can buy shares through a broker. Recent news includes NTA (Net Tangible Assets) updates, showing strong performance—June 2025 NTA backing was positive, signaling good value. It’s not a SPAC (like the old NYSE PIC); it’s a straightforward equity fund.
(Note: The NYSE PIC you mentioned was a blank-check SPAC from 2019 that merged with XL Fleet, a truck electrification startup. Shares surged 13% in early trading on merger news in 2020, but it’s now XL on NYSE. If that’s what you meant, let me know for more details!)
PIC Stock Advantages
Investing in PIC stock has some clear upsides, especially for Aussie investors:
- Diversified Portfolio: Access to 20-40 quality Australian and global stocks, reducing risk compared to single shares. Focus on mid-caps for growth potential.
- Growing Income and Capital: Aims for dividends plus long-term gains beating the ASX 200. Recent returns include solid NTA growth.
- Easy and Affordable: Buy one share easily with commission-free trading on platforms like CommSec. Low entry—current price ~AU$1.27.
- Professional Management: Handled by experts at Perpetual, using deep research for smart picks.
- Liquidity: Traded on ASX, so easy to buy/sell during market hours.
It’s great for beginners or those wanting hands-off investing with Australian focus.
PIC Stock Disadvantages
No stock is perfect—here are the downsides:
- Market Risks: Like all stocks, it can drop with the market. Forward-looking plans (e.g., growth projections) involve uncertainties like economic shifts or sector slumps.
- Fees and Costs: Management fees (around 1-2% annually) eat into returns. Check the PDS for details.
- No Guarantees: Past performance (e.g., 52-week high of AU$1.32) doesn’t promise future gains. NTA can fluctuate.
- Regulatory Warnings: Not a buy/sell recommendation. SEC-like rules (via ASIC) mean no sales without registration in some places. Risks like inflation or global events could differ from projections.
- Volatility: As a mid-cap focused LIC, it might swing more than big indexes.
Always review the latest annual report (Form 10-K equivalent) for director interests and risks.
PIC Stock Quick Stats (as of Sept 23, 2025)
| Metric | Value |
|---|---|
| Ticker | ASX: PIC |
| Current Price | AU$1.27 |
| 52-Week High/Low | AU$1.32 / AU$1.15 (approx.) |
| Market Cap | AU$488M |
| Dividend Yield | ~4-5% (trailing) |
| P/E Ratio | N/A (asset-based) |
| Founded | 2014 |
(Data from recent market close; prices fluctuate.)
Wrapping It Up
PIC stock (ASX: PIC) is a solid pick for investors wanting exposure to Australian equities with income and growth potential. It’s not without risks—projections are speculative, and markets can surprise—but its professional management and diversification make it appealing. For the old NYSE PIC, it’s now XL Fleet post-merger. Always do your homework or chat with a financial advisor before buying. Check perpetualequity.com.au for the latest NTA and reports. Ready to invest? Platforms like Stake or SelfWealth make it easy.