WAM Capital Ltd (ASX: WAM) is one of the largest Listed Investment Companies (LICs) in Australia. It is run by the team at Wilson Asset Management, founded by Geoff Wilson.
As of 2021, Wilson invests over $4 billion in Australian and global companies, and report to more than 100,000 shareholders.
WAM Capital is one of many LICs that are operated by Wilson, alongside WAM Capital, WAM Leaders, WAM Global, WAM Research, WAM Active, WAM Microcap and WAM Alternative Assets.
WAM Capital Limited (ASX:WAM), which is a large LIC, is making a takeover play for LIC peer Concentrated Leaders Fund Ltd (ASX: CLF).
The S&P/ASX 200 (ASX: XJO) is expected to trade modestly higher today with the Sydney Futures Exchange pointing to a positive open. Right now, the ASX 200 is priced 0.41% from its 52-week high of 7051.6.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 1.3% at lunch.
The listed investment company (LIC) industry is rising as investors celebrate keeping their franking credits.
WAM Global Limited (ASX:WGB) is a Listed Investment Company (LIC) trading on the Australian Stock Exchange.
It has been widely discussed over the last year that SMSF investors are concerned about possible changes to the treatment of franking credits. Many LICs
How will WAM Capital Limited (ASX:WAM) shares react if Labor got their way with their proposed franking credit changes?
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.11% at lunch.
Here are the headlines from the S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) and Australian finance circles on Friday morning.
