The Wilson Investment Fund lost -3.68% in February, while WAM Active Ltd was up +0.60% and WAM Capital Ltd gained +1.10%. The 2009 returns for these funds now stand at -10.32%, -1.33% and -0.44% respectively.
Both WAM Active and WAM Capital remained lightly invested in February, with cash levels around the 70-80% mark. WAM Active also participated in a number of placements, including Lend Lease, IAG and Newcrest, and significantly reduced its exposure to the financial sector.
The Wilson Investment Fund ended February heavily weighted towards equities, particularly banks and diversified financials, with only 21% invested in fixed interest and cash.
