Overview

The WCM Quality Global Growth Equity Strategy Composite 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 Equity Strategy Composite outperforming the MSCI World Index by an annualised 6.2% per annum over more than a decade (inception 31 March 2008), with total firm assets under management growing to over A$138.8 billion (as at 30 September 2021).

Australian investors can access WCM’s Quality Global Growth Equity Strategy Composite via a listed investment company (ASX:WQG) an exchange-traded managed fund (ASX:WCMQ) and an unlisted managed fund. Each investment offers exposure to the same underlying portfolio of quality global companies managed by WCM.

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

Platform Availability

The WCM Quality Global Growth Equity Strategy Composite is available via the following platforms:

  • AMP North
  • Ausmaq
  • BT Panorama
  • BT Wrap
  • Colonial FirstWrap
  • Hub24
  • Investment Exchange
  • Macquarie
  • Netwealth
  • Omniport
  • Powerwrap

Performance

How To Invest

Investors can access the WCM Quality Global Growth Strategy Composite via three Australian investment vehicles designed to accommodate the differing preferences of individual investors. Each investment vehicle provides the same exposure to WCM’s Quality Global Growth Strategy Composite.

 

WCM Quality Global
Growth (Quoted
Managed Fund)
WCM Global
Growth Limited
WCM Quality
Global Growth
(Managed Fund)
ASX Code WCMQ WQG n/a
Application Form n/a n/a Click here
Inception Date 31 August 2018 23 June 2017 February 2019
Managed by WCM Investment Management
1.25% Management Fee
Benchmark: MSCI All Country World Index (ex-Australia)
Lonsec ‘Recommended’ Rating
Actively Managed Exchange-traded Managed Fund
Listed Investment Company
Unlisted Managed Fund

 

Why Invest

Proven World-class Manager

Proven World-class Manager

WCM has an outstanding long-term track record of global equity management. WCM’s Quality Global Growth Equity Strategy Composite has outperformed the MSCI World Index by an annualised 6.2% 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

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

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 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 its WCM Quality Global Growth Equity Strategy having delivered downside capture of close to 52% 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

Focused and Low-turnover Portfolio

The Strategy 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 to and post inclusion in the portfolio, resulting in avoidance of unnecessary and excessive trading.

Quality Global Stocks

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. The portfolio has a relatively low exposure to banks and basic resources, the two heavyweight sectors in the ASX.

Traded on the ASX

Traded on the ASX

The WCM Quality Global Growth Equity Strategy Composite is available via an exchange-traded managed fund (ASX:WCMQ) or a listed investment company (ASX:WQG), 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$114 billion (as at 31 March 2021) of assets on behalf of institutional and retail investors around the world including Australia.

Key investment professionals include:

Paul Black

Portfolio Manager & Co-CEO

Sanjay Ayer

Portfolio Manager & Business Analyst

Peter Hunkel

Portfolio Manager & Business Analyst

Kurt Winrich

Portfolio Manager & Co-CEO

Michael Trigg

Portfolio Manager & Business Analyst