Geoff Wilson goes back to market

Geoff Wilson’s team turn their sights to large caps in this latest offering on the LIC smorgasboard.

Summary: WAM Leaders Limited is currently seeking to raise $330m – and this new investment vehicle will depart from the focus of previous Wilson LICs to look at companies in the ASX200. Don’t expect the management team to pay attention to sector weightings or have a close to fully invested portfolio – they will employ their own bottom-up management style. While it’s worth questioning whether the fund be challenged to outperform with large cap stocks, this is a compelling opportunity.

Key take out: WLE will not be coming in to the LIC model portfolio because we already have large cap exposure covered off – whether this one will work for you is purely down to your large cap exposure.


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