Overview

The WCM Quality Global Growth Fund (Quoted Managed Fund) (WCMQ or the Fund) is an exchange traded managed fund investing in global equities.

The Fund provides investors with access to an actively managed portfolio of quality global companies found primarily in the high growth consumer, technology and healthcare sectors.

The portfolio is managed by WCM Investment Management (WCM), a California-based specialist global equity firm with an outstanding long-term investment track record.

WCM's investment process is based on the belief that corporate culture is the biggest influence on a company's ability to grow its competitive advantage or 'moat'. This process has resulted in WCM's Quality Global Growth strategy outperforming the MSCI World Index by an annualised 5.9% per annum over more than a decade (inception 31 March 2008), with total firm assets under management growing to over A$85.6 billion (as 30 June 2020).

Switzer Asset Management Limited is the responsible entity for WCMQ.

  • Proven world-class manager
  • Global income opportunity
  • Unique investment process
  • Quality global stocks
  • Active all-weather portfolio

Objectives

The performance of objective of the portfolio is:

  • To exceed the benchmark MSCI All Country World Index ex-Australia before taxes and fees over rolling three-year time periods, and
  • to experience lower volatility than the benchmark.

Platform Availability

The WCM Quality Global Growth Fund (Quoted Managed Fund) is available via the following platforms:

  • Hub24
  • Macquarie (Super and Investments)
  • BT Wrap
  • BT Panorama
  • Netwealth
  • AMP North
  • PowerWrap

More Information

Key Fund Info

Key Fund Facts

ASX Code WCMQ
Responsible Entity Switzer Asset Management
Investment Manager WCM Investment Management
Benchmark MSCI All Country World Index ex-Australia (with gross dividends reinvested reported in Australian Dollars and unhedged)
Management Fee 1.25%
Administration Fee 0.10%
Performance Fee 10% excess return above the Benchmark after Management Fee

Investment Guidelines

Global listed equities 93% – 100%
Cash 0% – 7%
Australian listed equities 0%


Announcements feed from ICE

Date Description Link
12/10/2020 Investment Update 30 September 2020 View
15/09/2020 Investment Update 31 August 2020 View
07/09/2020 Monthly Redemptions and Units on issue at 31 August 2020 View
31/08/2020 Quarterly portfolio disclosure as at 30 June 2020 View
24/08/2020 Investment Update 31 July 2020 View
06/08/2020 Monthly Redemptions and Units on issue at 31 July 2020 View
13/07/2020 Investment update 30 June 2020 View
12/07/2020 Final Distribution for year ending 30 June 2020 View
08/07/2020 WCM FY2020 Performance Update View
06/07/2020 Monthly Redemptions and Units on issue at 30 June 2020 View
26/06/2020 Estimated distribution for year ending 30 June 2020 View
05/06/2020 Investment update 31 May 2020 View
04/06/2020 Monthly Redemptions and Units on issue at 31 May 2020 View
29/05/2020 Quarterly portfolio disclosure as at 31 March 2020 View
07/05/2020 Investment update 30 April 2020 View
06/05/2020 Monthly Redemptions and Units on issue at 30 April 2020 View
06/04/2020 Monthly Redemptions and Units on isse at 31 March 2020 View
06/04/2020 Investment update 31 March 2020 View
05/03/2020 Investment update 29 February 2020 View
05/03/2020 2020 Interim Financial Report View
04/03/2020 Monthly Redemptions and Units on issue at 29 February 2020 View
27/02/2020 Quarterly portfolio disclosure as at 31 December 2019 View
06/02/2020 Investment update 31 January 2020 View
06/02/2020 Monthly Redemptions and Units on issue at 31 January 2020 View
08/01/2020 Investment update 31 December 2019 View
06/01/2020 Monthly Redemptions and Units on issue at 31 December 2019 View
05/12/2019 Monthly Redemptions and Units on issue at 30 November 2019 View
05/12/2019 Investment Update 30 November 2019 View
26/11/2019 Quarterly portfolio disclosure as at 30 September 2019 View
07/11/2019 WCM Quality Global Growth Fund - Replacement PDS View
06/11/2019 Investment Update 31 October 2019 View
06/11/2019 Monthly redemptions and units on issue at 31 October 2019 View


Why Invest

Proven World Class Manager

WCM has an outstanding long-term track record of global equity management. Their Quality Global Growth strategy has outperformed the MSCI World Index by an annualised 6.9% since its inception in 2008. Consistency of performance has been a large factor behind the firm managing assets on behalf of many of the world’s biggest pension plans including a number of large Australian superannuation funds. For more information on performance, please click here.

Unique investment process

WCM’s two key criteria for any company to be considered for inclusion in the Strategy are 1) a rising competitive advantage (or expanding economic moat) and 2) a corporate culture that supports the expansion of this moat. WCM believes the direction of a company’s economic moat is of more importance than its absolute width or size.

Active all-weather portfolio

A key to building long-term wealth is to maximise participation in rising markets while limiting the impact of market weakness. The fund has therefore been designed as an ‘all weather one’ capable of strong relative performance in both up and down markets. WCM’s focus on high quality companies with expanding moats is a proven approach for achieving this objective. This is evidenced by their Quality Global Growth strategy having delivered downside capture of close to 50% since inception, meaning the portfolio has experienced on average half of the loss of the benchmark during market declines. To read more, click here.

Focused and low turnover portfolio

The fund invests in a portfolio of no more than 20 – 40 companies. These companies are chosen from a universe of close to 2,100. This results in a high conviction portfolio ensuring that the investment team’s best ideas aren’t diluted by less compelling ones. The average holding period of each company is five to seven years. This means that each company is deeply researched prior and post inclusion in the portfolio, resulting in avoidance of unnecessary and excessive trading.

Quality Global Stocks

WCM’s focus on quality global stocks with expanding economic moats leads it towards high growth sectors such as technology, healthcare and consumer. For Australian investors this provides significant diversification benefits, as these sectors represent a relatively small proportion of the local market. WCMQ has a relatively low exposure to banks and basic resources, the two heavyweight sectors in the ASX.

Traded on the ASX

WCMQ is an exchange-traded managed fund, which means it can be easily bought and sold on the ASX just like any ordinary shares. Investors will have the convenience of CHESS/HIN statements.

The Manager

Founded in 1976, WCM Investment Management is a California-based specialist active global and emerging markets asset management firm.

The firm is majority employee owned and manages in excess of A$85.6 billion (as at 30 June 2020) of assets on behalf of institutional and retail investors around the world including Australia.

Key investment professionals include:

Sanjay Ayer

Portfolio Manager & Business Analyst

Peter Hunkel

Portfolio Manager & Business Analyst

Paul Black

Portfolio Manager & Co-CEO

Michael Trigg

Portfolio Manager & Business Analyst

Kurt Winrich

Portfolio Manager & Co-CEO

How To Invest

WCM Quality Global Growth trades on the ASX under the ticker code ‘WCMQ’, so you can invest via your stock broker in the same way you would purchase any ordinary shares.

With a Full Service Broker
With a Full Service Broker

If you don’t have an existing Full Service Stockbroker relationship, visit the ASX website.

With an Online Broker
With an Online Broker

Purchase shares directly through your online broker with the ticker code WCMQ.

Through Your Financial Advisor
Through Your Financial Advisor

Contact your financial adviser to invest.

Not Sure?
Not Sure?

If you have any questions, please contact us on
1300 001 750 or email [email protected].