Portfolio Update: Selling out of WAX

After very strong portfolio gains, we are selling WAM Research from the LIC portfolio.

It is with a heavy heart that I farewell one of the LIC portfolio’s best-performing holdings, WAM Research Limited (WAX). Since adding WAX into our portfolio in August 2015 it has increased by a total of 33.65 per cent, including dividends.

Why am I selling out? It’s not an easy decision to exit such a strong performer, but if we are to remain consistent WAX has to depart as it is just too expensive.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've 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 activate your membership

If you didn't receive SMS code please

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 unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles