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, LLC (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 3.99% per annum over more than a decade (inception 31 March 2008), with total firm assets under management growing to over A$139.2 billion (as at 31 March 2024).

The performance objective of the portfolio is to exceed its benchmark over rolling three-year time periods, and to experience lower volatility than the benchmark.

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

Platforms

WCM Global Growth Limited is available via the following platforms:

  • AMP North
  • BT Panorama
  • BT Wrap
  • Macquarie
  • Netwealth

Key Fund Info

Key Fund Facts

ASX Code WQG
Investment Advisor WCM Investment Management, LLC
Benchmark MSCI All Country World ex Australia USD Gross Total Return Index reported in AUD
Management  Fee 1.25%
Administration Fee 0.10% p.a.
Performance Fee 10% excess return above the Benchmark after Management Fee

Fee is capped at 0.75% for the 12 month period based on the ending portfolio value

Investment Guidelines

Global listed equities (ex-Australia) 93% – 100%
Cash 0% – 7%

Announcements

DateDescriptionDocument
13/06/2024 Investment Update and NTA Statement 31 May 2024 View
13/06/2024 Update – Notification of buy-back – WQG View
13/06/2024 Renewal of Existing On-Market Share Buy-Back View
12/06/2024 Weekly NTA 7 June 2024 View
04/06/2024 Notification of cessation of securities – WQG View
04/06/2024 Weekly NTA 31 May 2024 View
03/06/2024 Update – Notification of buy-back – WQG View
31/05/2024 Update – Notification of buy-back – WQG View
30/05/2024 Update – Notification of buy-back – WQG View
28/05/2024 Weekly NTA 24 May 2024 View
23/05/2024 Dividend/Distribution – WQG View
23/05/2024 Q3 FY24 Quarterly Dividend Announcement View
21/05/2024 Weekly NTA 17 May 2024 View
21/05/2024 Update – Notification of buy-back – WQG View
16/05/2024 Update – Notification of buy-back – WQG View
15/05/2024 Update – Notification of buy-back – WQG View
14/05/2024 Investment Update and NTA Statement 30 April 2024 View
14/05/2024 Weekly NTA 10 May 2024 View
07/05/2024 Notification of cessation of securities – WQG View
07/05/2024 Weekly NTA 3 May 2024 View

Why Invest

Global Income

Access a stable, unfranked income stream derived from a portfolio of quality global companies. The Company continues to adopt a progressive dividend policy, meaning dividends are forecasted to grow in the future. Consistent with this policy, the Board announced in February 2022 that its intention is to increase the final dividend for FY2022 to 3.0 cents per share fully franked and to increase further the interim dividend for FY2023 to 3.25 cents per share fully franked.

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, LLC 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$139.2 billion (as at 31 March 2024) of assets on behalf of institutional and retail investors around the world including Australia.

Paul Black

CEO & Portfolio Manager

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Sanjay Ayer

Portfolio Manager

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Michael Trigg

Portfolio Manager & President

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Peter Hunkel

Portfolio Manager

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Jon Tringale

Portfolio Manager

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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

CEO & Portfolio Manager

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Sanjay Ayer

Portfolio Manager

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Michael Trigg

Portfolio Manager & President

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Peter Hunkel

Portfolio Manager

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Jon Tringale

Portfolio Manager

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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 Adviser
Through Your Financial Adviser

Contact your financial adviser to invest.

Not Sure?
Not Sure?

If you have any questions, please contact us on
1300 052 054 or email invest@associateglobal.com.