WAM Research upgraded to Highly Recommended by IIR

Peter Rae

Independent Investment Research (IIR) has upgraded its rating for WAM Research (ASX:WAX) to Highly Recommended. The upgrade recognises WAX’s highly experienced investment team, strong record of outperformance since inception in 2003 and delivery of its objective to provide a growing stream of fully franked dividends. We consider WAX to be a “best of breed” LIC for investors looking for a well-managed exposure to a diversified portfolio of Australian mid and small-cap stocks. We have also reaffirmed our Recommended Plus rating for WAM Capital (ASX:WAM) and consider it to be one of the best LICs for investors looking for a well-managed exposure to a diversified portfolio of Australian mid and small-cap stocks. Both WAX and WAM are currently trading at premiums to NTA so investors may need to be patient before acquiring stock. Read our full reviews for our detailed views of WAX and WAM.


Peter Rae

Peter has 35 years’ experience in the banking and finance industry, including 15 years as an equities analyst. Peter was a sector head in the equities research team at Morningstar with a focus on consumer and industrial companies.

Expertise

ASX:WAM ASX:WAX

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