pls read their latest report to shareholders. when WIL was set...

pls read their latest report to shareholders.

when WIL was set up, the buy and hold premise was relatively sound (pre GFC). their hands have been tied due to the constitution they've had to operate under. their other funds eg WAM have been set up under different rules - v active managers, and have performed pretty well.

WIL will now be much more proactive after the constitution changes. the winding up and returning of capital is ONLY on the cards if they fail under the new changes to close the gap on the SP.

either way, the yield is attractive enough at these levels to continue to hold, especially if your buy in price was lower than current levels ;-)

cheers
cat lady