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17:50
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Originally posted by peejay2
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Tough question... I think the best thing is to have a look at the monthly reports and to look at the top 20 holdings and see how similar (or different ) they are. CYA has tax credits that WLE doesnt; its a tough call. A short time ago, i bought some WLE for myself @ $1.12 and got my wife out of TLS and into WLE as well. The share price wasnt moving, and I could see a lot of stocks like CSL within WLE that were going up that wasnt reflected i. The share price. That ended up well and, as I expected. A short time ago, I rounded off my holdings in CYA at 94 cents, but since then although it has risen slightly, there has been no startling move either way. Geoff has said many times that the board will have to discuss what will happen with CYA, but I think they have been so busy with the International Fund and taking on more staff (and promoting some of the existing staff) that I dont think its high on the agenda. Yes, WAM treats CYA as its own, but because it was “adopted” from another fund manager (and came with the tax credits along with I think some losses) it has basically remained much the same apart from the Wilson Stock picking skills. I dont know which one I would choose..... WLE has increased lately and CYA has pretty much remained the same....i believe they hold pretty much the same holdings altho you would have to check. At this stage I would not have enough information to recommend one over the other. Hope this helps a bit.
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@peejay2 Thanks so much for taking the time and effort to reply in some detail.
