The performance of the Wilson Asset Management stable highlights why selection matters with LICs.
- WAM Leaders (ASX: WLE) has added value, returning ~141% over the decade versus ~126% for the comparable A200 ETF, including an excellent FY26 when its portfolio beat the ASX 200 Accumulation Index by 7.9%.
- In contrast, WAM Capital (ASX: WAM) has significantly lagged its passive equivalent, returning ~59% versus ~162% for MVE—illustrating the wide dispersion investors can experience when choosing active managers.
This comparison again illustrates that LICs have their place, but ETF investing can be more relaxing!
- We prefer ETFs versus LICs for general large-cap ASX exposure.
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Total Return: WAM Capital & WAM Leaders vs MVE & A200 ETFS – Source: Bloomberg
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Total Return: WAM Capital & WAM Leaders vs MVE & A200 ETFS – Source: Bloomberg
