Business
2 ASX shares that this leading fund manager thinks are buys
WAM Active Limited (ASX: WAA) is one of the listed investment companies (LICs) in the Wilson Asset Management (WAM) stable that targets ASX shares.
It runs a number of different LICs that target different investments. There’s the largest – WAM Capital Limited (ASX: WAM) – which targets undervalued ASX shares. Then there’s WAM Leaders Ltd (ASX: WLE) which looks to buy undervalued ASX blue chips.
Since inception in January 2008, WAM Active’s portfolio has delivered a gross return of 12.1% per annum before fees, expenses and taxes.
Its hunting ground target is market mispricing opportunities on the Australian stock exchange.
In its latest monthly update, WAM Active outlined these two ASX shares as opportunities:
Reliance…
-
Noosa News21 hours agoBrisbane vs Collingwood live blog: Richmond selects Noah Balta as unbeaten Lions prepare for Magpies test
-
General20 hours agoNT Coalition candidate Lisa Siebert diverges from Jacinta Nampijinpa Price on royal commission call
-
Noosa News24 hours agoAustralians tell ABC’s Your Say how they saw the second leaders debate
-
Noosa News23 hours agoPeter Dutton insists there’s enough water for his seven nuclear plants, contradicting shadow frontbencher