asset_category:
peer_benchmark:
broad_market_index:
manager_contact_details: Array
ticker: WAA
release_schedule:
structure: Listed Investment Company
commentary_block:
factsheet_url:
fund_features:
WAM Active Limited (WAA) is a listed investment company that provides exposure to an active trading style with the aim of achieving a positive return in all market conditions and a low correlation to traditional markets. The Company was listed in January 2008 and the portfolio is managed by MAM Pty Limited, a member of the Wilson Asset Management group. The Company has an absolute return focus and therefore aims to generate positive returns in both rising and falling markets. The Manager seeks to deliver shareholders a steady stream of fully franked dividends, provide a positive return with low volatility (after fees) and preserve the company’s capital in both the short-and long-term.
- WAA invests predominantly in ASX-listed securities.
- The Manager uses a market-driven approach to investing, in which it aims to take advantage of short-term arbitrage and mis pricing in the market.
- The portfolio may hold between 10 and 100 investments and therefore the level of concentration will vary.
- There are no restrictions regarding the minimum or maximum investment in any individual stock or sector and as such the Manager may take large positions in an individual security.
- The Manager may hold up to 100% in cash if attractive investment opportunities cannot be identified.
- WAA invests in LICs trading at a discount to NTA and aims to profit from the eradication of this discount.