It seems that WMA's old Portfolio manager has quietly slipped away to Dexus: https://www.linkedin.com/in/daniazinurova/?originalSubdomain=au

I couldn't find this being announced anywhere. Maybe it explains the recent SP weakness.

I still think WMA is good value at the current discount to NTA, given that it's near impossible to replicate the underlying exposures for a retail investor. Although paying double fees is pretty crap.

There is a vote coming up next year that would involve dumping WAM as the manager and winding up the fund. It would require a 75% vote in favour. I don't think this vote will get up, although it probably should.

Geoff has got the intern to drop MOM NTA comparison and movement in carrying values of each respective asset class.

What's left of my opinion of these guys is going down the toilet. They feed retail shareholders shit and keep them in the dark.

At LeaST TheY geT TheIr fRanKing CRedits tHo....give me a break.

WMA New Report.pdfW

WAM OLD REPORT.pdf