Interesting. We have WAM, WLE and Wilson Microcap and SEC (Spheria emerging coys fund) LICs. With nothing on TV, I scanned through the holdings as at 30 JUN. no wonder WAM funds have underperformed. A kid with a hand full of sh*t could have thrown at a dartboard and done better. They have tried to have a bit of absolutely everything in the funds, not much of quality, and not enough of the good stuff to make a difference if they were to go up. By contrast SEC, has chosen more wisely, in better quality stocks, and have meaningful positions if they do go up ! Im Waiting to get out of WAM funds, but the picks are so woeful and confidence in the WAM funds are so low, that I’m loath to get out at the current prices. What a change from when WAM funds were performing well#. WMI used to be a great fund to capture the upside in Microcaps, but now it’s full of sh*t !
Quite amazed at the lack of quality in WLE which only realised 2.8% in the last FY. THAT should have been a fund which performed better than any other WAM fund ? And the Microcap fund, WMI ? It traditionally has been the fund that you buy AFTER the move up in WLE to capture the Microcap increase ! Now, you wouldn’t touch them and in essence, they have turned into being a dividend trap. SEC by comparison, appears to have a good crossection of stocks in the right area and appropriately weighted.
just my impression, but you can tell how disgusted I am in both the performance and the quality of holdings in the WAM funds generally ! The bit about the dartboard was written and copied last night and pasted this morning. Just confirms my decision about the WAM funds anyway, rather than LICs as discussed with @Stumledup !
