My biggest gripe with the WAM vehicles is that in the last year, most of them (microcap being the exception) have underperformed the index.
Arguably, it's been a tough year in the markets for any portfolio manager, but my sense is that there has been a focus on the corporate actions and consolidations of other funds plus the franking tax issue and the fundamentals are not front & centre. Add to that Chris Stott retiring and there are some question marks on whether they can continue to perform as well as they have done in the past.
I've been a huge supporter of WAM, but a little lukewarm at the moment.....I hope they get back to stockpicking and leave the tax and politics for others to deal with.
Commentary & Reporting, page-7
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Last
$2.21 |
Change
-0.010(0.45%) |
Mkt cap ! $785.1M | |||
| Open | High | Low | Value | Volume |
| $2.25 | $2.25 | $2.21 | $225.3K | 101.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1867 | $2.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.23 | 2284 | 1 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| WGB (ASX) Chart |