WAM Capital Limited (ASX:WAM)
WAM Capital Ltd (ASX: WAM) is one of the largest Listed Investment Companies (LICs) in Australia. It is run by the team at Wilson Asset Management, founded by Geoff Wilson.
As of 2021, Wilson invests over $4 billion in Australian and global companies, and report to more than 100,000 shareholders.
WAM Capital is one of many LICs that are operated by Wilson, alongside WAM Capital, WAM Leaders, WAM Global, WAM Research, WAM Active, WAM Microcap and WAM Alternative Assets.
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LICs Vs. ETFs
Know the difference
Listed Investment Companies (LICs) and Exchange-Traded Funds (ETFs) might seem similar on the surface, but scratch a little deeper and you’ll find how different LICs and ETFs really are.
In the video below, Owen Raszkiewicz, lead Investment Analyst for Rask Australia explains the ins-and-outs of both ETFs and LICs.
For a more comprehensive review of ETFs v LICs, go to this tutorial: