WAM Global Ltd (ASX:WGB)

Half Year 2025 Wam Global Ltd Earnings Call Transcript

Feb 12, 2025 / 11:30 PM GMT

Release Date Price: A$2.4 (+1.27%)

Transcript

Key Points

Positve

The investment portfolio increased by 13.4% for the half year ending December 31, 2024, and continued to grow by 4.9% in January 2025, outperforming the Misty World Index by about 2%.
WAM Global Ltd (ASX:WGB) declared a fully franked interim dividend of $0.05 and a special fully franked dividend of $0.04 per share, reflecting strong investment performance.
The company's dividend yield, including the special dividend, is significantly higher than the US and global equity market yields.
The portfolio is geographically diversified and includes US-listed stocks that are expected to benefit from the Trump presidency and AI advancements.
WAM Global Ltd (ASX:WGB) has a robust profit reserve with over six years of dividend coverage, allowing for consistent dividend payments.

Negative

The share price is trading at about a 10% discount to NTA, indicating a lag despite strong portfolio performance.
There is ongoing market volatility expected due to geopolitical factors, including tariffs and fiscal policies under the Trump administration.
The European market is sluggish, with specific weaknesses in German manufacturing and UK policy challenges.
China's economic outlook remains uncertain, with weak consumer demand and underwhelming government stimulus.
The portfolio's exposure to small and mid-cap stocks has been a headwind, underperforming the broader index by 4.6% annually since the fund's launch.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

WGB.AX - Wam Global Ltd
Half Year 2025 Wam Global Ltd Earnings Call
Feb 12, 2025 / 11:30PM GMT

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Presentation
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Okay, ready to.

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Go.

Good morning everyone and thank you for joining us today for the WAm Global FY25 interim results webinar. This is your company and we're pleased to provide you with an update on the half year results and the opportunity to ask us questions. I'm Katrina Burns, the lead portfolio manager for Wham Global. With me today is Nick Healy, portfolio manager and senior investment analyst William Liu.

Before we begin, is displayed on screen. What we talk about today is general in nature, and shouldn't be

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