Wilson Asset Management's three listed investment companies - WAM Active Ltd, Wilson Investment Fund Ltd and WAM Capital Ltd - all posted positive returns in December to outperform the All Ordinaries Accumulation Index, which fell by -0.08%.
WAM Active Ltd was up +3.43% in December, which was attributed to positive returns in capital raisings trading, while at the same time the fund reduced its cash level to an average of 70%. Wilson Investment Fund Ltd was up +4.85%, and WAM Capital Ltd was up +3.09%.
The manager is expecting markets to be more orderly in 2009 and is bullish in the medium term regarding new investment opportunities, however will remain cautious given the unusual nature of the recent economic decline.
