Business
WAM Global (ASX:WGB) share price jumps on dividend guidance
The market may be tumbling lower today but the same cannot be said for the WAM Global Ltd (ASX: WGB) share price.
In afternoon trade the fund manager’s shares are up 5.5% to a record high of $2.41.
Why is the WAM Global share price at a record high?
Investors have been buying the company’s shares following the release of a positive announcement this morning.
That announcement revealed that its global investment fund has been outperforming the MSCI World Index in 2020.
According to the release, at the end of November, the WGB Investment Portfolio had delivered a return of 14.6% in the current financial year.
This compares to a 10.3% return by the MSCI World Index, which represents an outperformance of 4.3% for WAM Global.
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