What do you think of WAM as an LIC, Mr Falcon?
http://www.wamfunds.com.au/WAM-Capital/Tabs/Performance.aspx
My thinking:
Pros:
- targeting smaller / midcap stocks, which are much less represented in the index / larger LICs weightings
- fully franked dividend of over 7% is very high!
- has outperformed over the last 16 years by a much, much higher margin than other LICs
Cons:
- I think the MER was 1%, which is much higher than most LICs
- possible key man risk
- since it's outperformed, I tend to think it wont continue to do so
http://www.wamfunds.com.au/WAM-Capital/Tabs/Performance.aspx
My thinking:
Pros:
- targeting smaller / midcap stocks, which are much less represented in the index / larger LICs weightings
- fully franked dividend of over 7% is very high!
- has outperformed over the last 16 years by a much, much higher margin than other LICs
Cons:
- I think the MER was 1%, which is much higher than most LICs
- possible key man risk
- since it's outperformed, I tend to think it wont continue to do so