WAX WAM Research Limited

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ticker: WAX
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structure: Listed Investment Company
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WAM Research Limited (WAX) is a listed investment company that invests in growth companies which are generally small-to-medium sized industrial companies. The Company was listed in 2003 and the portfolio is managed by MAM Pty Limited, a member of the Wilson Asset Management group. The Company aims to provide shareholders a steady stream of fully franked dividends and a high real rate of return, comprising both capital and income.

  • WAX’s investment philosophy is to invest predominantly in industrial companies with an emphasis on companies that are under researched and are considered undervalued by the Manager.
  • As such the company focuses on small-to-mid cap companies.
  • The Manager uses a research-driven approach to identify investment opportunities, which involves making and  focuses on small-and-mid cap stocks with the majority of investments outside the top 100.
  • WAX aims to maintain a portfolio of between 30 and 60 securities.