exchange traded managed fund soon to be listing Aug 29 ASX : WCMQ
IPO opens July 11
https://www.switzerassetmanagement....etwork&utm_medium=email&utm_campaign=wcmq-ipo
fees 1.3% p.a + 10% of outperformance.
California based global equity firm WCM Investment Management state they have outperformed the MSCI world index over the past decade by 5% p.a.
founded in 1976, the firm is 100% owned by its 41 employees with total assets under management $35 billion.
The Fund provides investors with access to an actively managed portfolio of quality global companies found primarily in the high growth consumer, technology and healthcare sectors.
why invest :
*proven world class manager
*unique investment process : 2 key criteria are an expanding economic moat or rising competitive advantage
plus a corporate culture that supports expansion of this moat
*active all -weather portfolio
* focused and low turnover portfolio 20 - 40 companies
*quality global growth stocks : especially consumer, technology and healthcare
* track your investment in real time ; NAV will be published daily.
being an ETMF, there will be no discounts or premiums to NAV unlike with LIC's.
personally I'll be waiting for a market pullback as an entry point after listing rather than buying the IPO.
anyone have any other thoughts on this one ?
