Overview

WCM Global Growth Limited (WQG or the Company) is a listed investment company investing in global equities.

The Company 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$130.6 billion (as at 30 June 2021).

  • 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 ex Australia USD Gross Total Return Index reported in AUD before taxes and fees over rolling three-year time periods, and
  • to experience lower volatility than the benchmark.

Key Fund Info

Key Fund Facts

ASX Code WQG
Investment Advisor WCM Investment Management
Benchmark MSCI All Country World ex Australia USD Gross Total Return Index reported in AUD
Management  Fee 1.25%
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

DateDescriptionDocument
24/09/2021 Update – Dividend/Distribution – WQG View
22/09/2021 Change of Director’s Interest Notice View
22/09/2021 Application for quotation of securities – WQG View
21/09/2021 Weekly NTA 17 September 2021 View
20/09/2021 Calendar of Key Dates View
16/09/2021 Application for quotation of securities – WQG View
15/09/2021 Application for quotation of securities – WQG View
14/09/2021 Weekly NTA 10 September 2021 View
10/09/2021 Weekly NTA 3 September 2021 View
09/09/2021 Important Reminder for Option Holders View
09/09/2021 Investment update and NTA statement 31 August 2021 View
01/09/2021 Change of Director’s Interest Notice View
01/09/2021 Application for quotation of securities – WQG View
01/09/2021 Weekly NTA 27 August 2021 View
24/08/2021 Weekly NTA 20 August 2021 View
19/08/2021 Dividend/Distribution – WQG View
19/08/2021 Full Year Results and Dividend Update View
19/08/2021 Appendix 4E and Full Year Financial Statements 30 June 2021 View
18/08/2021 Application for quotation of securities – WQG View
17/08/2021 Weekly NTA 13 August 2021 View

Why Invest

Global income

Access a stable, unfranked income stream derived from a portfolio of quality global companies. Estimated annual dividend payments will total 4.0 cents per share.

All-weather portfolio

The portfolio has been designed as an ‘all weather portfolio’, to maximise participation in rising markets while limiting the impact of market weakness. WCM has a strong track record of protecting capital in downward markets.

Buy a top performing LIC at a
discount to NTA

Despite strong investment performance, WQG shares are currently trading at a discount to NTA. As the WCM brand continues to build in the Australian market, this discount should narrow presenting upside for investors.

Quality global stocks

The portfolio’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.

Unique investment process

WCM’s two key criteria for selecting an investment 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 moat is more important than its absolute width or size.

Focused, low turnover portfolio

The portfolio holds no more than 30 – 40 companies, chosen from a universe of over 2,100. This construction results in a high conviction portfolio ensuring the investment team’s best ideas aren’t diluted by less compelling ones.

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$130.6 billion (as at 30 June 2021) of assets on behalf of institutional and retail investors around the world including Australia.

Paul Black

Portfolio Manager & Co-CEO

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Kurt Winrich

Portfolio Manager & Co-CEO

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Sanjay Ayer

Portfolio Manager & Business Analyst

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Michael Trigg

Portfolio Manager & Business Analyst

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Peter Hunkel

Portfolio Manager & Business Analyst

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Valentina Stojanovska Cal

Independent Non-executive Chairman

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Martin Switzer

Chief Executive Officer and Managing Director

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Michael Liu

Independent Non-executive Director

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Stephen Merlicek

Independent Non-executive Director

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Paul Rickard

Non-executive Director

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Paul Black

Portfolio Manager & Co-CEO

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Kurt Winrich

Portfolio Manager & Co-CEO

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Sanjay Ayer

Portfolio Manager & Business Analyst

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Michael Trigg

Portfolio Manager & Business Analyst

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Peter Hunkel

Portfolio Manager & Business Analyst

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Valentina Stojanovska Cal

Independent Non-executive Chairman

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Martin Switzer

Chief Executive Officer and Managing Director

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Michael Liu

Independent Non-executive Director

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Stephen Merlicek

Independent Non-executive Director

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Paul Rickard

Non-executive Director

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How To Invest

WCM Global Growth Limited trades on the ASX under the ticker code ‘WQG’, 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 WQG.

Through Your Financial Advisor
Through Your Financial Advisor

Contact your financial adviser to invest.