Upcoming Events

We would be delighted if you would join us on Wednesday 9th December at 10.30 am for a webinar on the WAM Microcap Fund.

Paul Nicol, our Managing Partner, will host our special guests Oscar Oberg and Tobias Yao, who are Portfolio Managers at Wilson Asset Management for the WAM Microcap Fund.

WAM Microcap provides investors access to a portfolio of undervalued microcap growth companies with a market capitalization of less than $300 million at the time of acquisition. It also provides exposure to relative value arbitrage and market mispricing opportunities. WAM Microcap’s investment objectives are to deliver a stream of fully franked dividends, provide capital growth over the medium to long term, and preserve capital.

Investors appreciate the benefits of investing for the long-term in high-quality companies. However, little is said about the benefit of finding those high-quality companies early on in their growth phase.

Microcap describes the smallest investable stocks on the share market. We are attracted to the Microcap space for several reasons:

• It is a large and diverse universe:

Banks and major resource companies dominate the top 100 stocks on the ASX. Conversely, the Microcap universe is very diverse. Microcap companies often focus on one market, product or niche. Fund managers can position their portfolios to take advantage of attractive themes.

• It provides an opportunity for excess returns due to poor coverage:

Microcap companies are generally too small for institutional investors to deploy their resources. Consequently, Microcaps are often insufficiently researched. This lack of institutional following means Microcap stocks prices may not reflect their intrinsic value.

• It provides access to early-stage companies which are growing their earnings strongly:

Microcap companies can have high growth rates. Their products might be newer; they might be gaining market share or expanding into new markets.

Microcap companies can provide investors with growth that is not necessarily dependant on prevailing economic conditions given they have relatively new products and services that might be at an early stage of their life cycle.

• Microcaps typically have more focused management and board:

In a Microcap company, the Management and Board usually own a large percentage of stock. High insider ownership helps align management interests with those of shareholders.

• It is a hunting ground for corporates:

Microcaps are more likely to be targets of takeover activity than large caps. This means their prices can jump on any takeover offer, and investors can benefit.

We encourage you to pass on this webinar invite to family, friends or colleagues who may wish to join.

Details of the live webinar are as follows:

Meeting Name: Meet the Manager – Wilson Asset Management
Date: Wednesday 9th December 2020
Webinar time: 10:30am – 11:30am
Speakers: Paul Nicol, Oscar Oberg and Tobias Yao

Please click here to reserve your place by Monday 7th December:

Register Now

Speaker profiles:

Paul Nicol, Managing Partner & Senior Financial Planner, GFM Wealth Advisory Paul Nicol joined GFM in 1999 and is the Managing Partner and a Senior Financial Planner at GFM Wealth Advisory.In his role as a Senior Financial Planner, Paul has specialist expertise in the areas of Self-Managed Superannuation Funds (SMSF), retirement planning, investment markets and portfolio construction. Paul is a Financial Planner AFP® member of the Financial Planning Association and an SMSF Association SMSF Specialist Advisor. In the first 4 years of publication in Australia in 2017, 2018, 2019 and 2020 Paul was ranked as one of Australia’s top 100 Financial Advisers as published by ‘The Australian’ newspaper in conjunction with the respected U.S. financial publication ‘Barron’s’. In October 2020 Paul made the prestigious FS Power 50 list. The list is made up of the list of the 50 most influential advisers in the country according to the readers of the Financial Standard & FS Advice – The Australian Journal of Financial Planning. Paul is a member of the GFM Investment Committee, which meets regularly to research, select and monitor all the investments on the GFM Approved Investment List.		Oscar Oberg, Lead Portfolio Manager, Wilson Asset Management Oscar has more than 13 years’ experience in financial markets. Before joining Wilson Asset Management, Oscar worked as a sell-side Analyst at CLSA and three years’ at Grant Thornton working in transaction advisory services. Oscar is the Lead Portfolio Manager responsible for WAM Capital, WAM Microcap, WAM Active and WAM Research.		Tobias Yao, Portfolio Manager, Wilson Asset Management Tobias has 12 years’ experience in the investment industry. Prior to joining Wilson Asset Management, Tobias spent five years as an investment analyst at Pengana Capital, and he previously worked in Ernst & Young’s transaction advisory services division.