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WAM stable of LICs
Have been a holder of WAM for many years & enjoyed a decent return from them in the past.
However I sold out about 6 months ago, as I felt that no investment manager was that good , as to warrant a share price that exceeded NTA by about 20%
I see that they have now taken over management of Century Australia (CYA) and will apply the WAM investment approach to CYA. As CYA trades at about NTA I figured this would be a far better long term investment, & just for an added bonus CYA has the benefit of tax losses.
Disc: Purchased some CYA yesterday
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Junior Member
i haven't thought of buying CYA, might look into it. have topped up some WAM recently, not too worried about the NTA, usually trades above it
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