If CYA is merged into WLE, there will be savings in The admin and brokerage areas, I dont know how different the actual portfolios are. I sold my wifes Telstra some time ago and bought her into WLE and bought some for myself. I have been surprised at WLE holding TLS and also QBE, given their performance. They must know something I dont ! I think WLE would have been a beneficiary from the rise in CSL and some of the major banks.
Certainly CYA has the tax credits and I dont know how they would work if CYA was rolled into WLE. I guess everything would have to be “settled” before the amalgamation to make sure CYA shareholders arent disadvantaged. I hold CYA but more WLS. Some might say that you might as well buy an ETF, but I trust GW and his team, and I like the reporting monthly and also the videos and conferences that WAM provides to give you an idea of their investment process and ideology. Horses for courses I guess.
If you are happy with CYA and nothing eventuates, then no harm. If you like WLE and CYA amalgamates into WLE, then No harm. If you go into WLE and CYA amalgamates and you miss out on some small benefit, then all you have suffered is an “opportunity loss”.
DYOR.
CYA Price at posting:
94.5¢ Sentiment: Hold Disclosure: Held
