Geoff Wilson’s mid-cap play

WAM Research, a LIC from a well-known manager, has paid a steady, increasing stream of dividends.

When you Google “listed investment companies” the only two LICs that appear on the first page of results are Australian Foundation Investment Company (AFI), the oldest in the country, and WAM Capital (WAM). It’s no surprise these two are the only ones. AFI is as old as Methuselah and dominates the space with its $6 billion market cap, while WAM is the flagship of the most heavily marketed stable of LICs getting around by its front man Geoff Wilson. Wilson’s face is widely known by investors and he does a great job of promoting LICs as a whole as well as running three of his own with his team at Wilson Asset Management. He is also a great interview as I found out on my first Eureka Live and Interactive. He wasn’t short of a comment and even took care of my job by asking himself questions.

Wilson Asset Management run three LICs: the $833 million WAM Capital (WAM), $195m WAM Research (WAX) and the baby of the stable the $35m WAM Active (WAA). For this article I will be focusing on WAM Research.



{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access


Updating information

Please wait ...


{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership


The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles