IPO Now Open: Watermark Global Leaders LIC

Morgans Financial Limited

The initial public offering for the Watermark Global Leaders Fund (ASX:WGF) is now open. The Listed Investment Company (LIC) will provide investors with access to an actively managed portfolio of global equities in a market neutral stance. The fund aims to deliver consistent, positive rates of return through a market cycle with no correlation to the share market by taking both long/short positions. Justin Braitling, Chief Investment Officer at Watermark Funds says: “The short portfolio is a hedge which immunises the portfolio from outside forces – we are good short sellers, we have been doing it for a long time and we know how to put these hedges together that work.” Watermark currently manages two LIC’s (ASX:ALF and ASX:WMK) both of which trade at premiums to their NTA. Morgans is acting as joint lead manager for the offer, investors can register below to receive an information pack. (VIEW LINK)

Morgans Financial Limited

Morgans is Australia's largest national full-service retail stockbroking and wealth management firm, with more than 300,000 clients, 500 authorised representatives and 850 staff, operating from offices in all states and territories. As well as...


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