fund manager Insights

Wilson Asset Management (WAM) are arguably the leaders in LICs in Australia. They currently directly manage three listed vehicles (WAM, WAA and WAX) and have just completed an IPO for almost $400 million for a new LIC, the WAM Leaders Fund (WLE). These four LICs comprise more than $1.5 billion of assets. In addition, WAM were the originators of the two Future Generation LICs, FGG and FGX, which serve a dual purpose of being investment vehicles and donating to charities.

The combination of significant outperformance and much lower volatility is a rare gem; however, this is exactly what this fund has delivered since inception. Because of these qualities the fund also has a relatively low correlation with the stock market, and has performed very well in some months where the index has had large losses. We have great admiration for the principal James Williamson and the process he applies to the fund.