WAM Leaders: Market opportunities and outlook
At WAM Leaders we focus on the larger companies listed on the ASX. The story from this part of the market remains one of challenging top line growth and a focus on cost out. The good news is that management teams appear to have a good handle on costs and are doing a reasonable job in challenging circumstances. We think large companies that are achieving mid single digit earnings growth is a decent result in this economy. Going into August we we’re about 80% invested, however, we have been raising cash levels in anticipation of a difficult period for markets over the next few months. In this video I discuss the market opportunities we have identified and why we’re cautious on the outlook.
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Matthew has more than 20 years’ experience in the investment industry working as both a portfolio manager and analyst. Prior to joining Wilson Asset Management in 2004, Matthew gained extensive large-cap experience in his previous role within Australian Executor Trustees (now part of Equity Trustees). Matthew is the Lead Portfolio Manager responsible for WAM Leaders Limited and Wilson Asset Management Leaders Fund.
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