In talking about WAR comparisons where being drawn to WAM.
Concerns where raised about the HWM and performance fees and Wilsons general reporting of "performance" and how that actually relates to the real return that you as an investor see in your pocket.
Some posters where questioning the actual performance and rightfully so.
This was an analysis of a use case in actual investment returns in your pocket vs performance quoted typically by the WAM fund specifically.
In looking at WAR then, you should take this into consideration and not rely on the quoted performance figures or overvalue franked dividends.
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