By Matt Bell
WAM Income Maximiser says it outperformed its benchmark by 13.4 percentage points in its first full financial year, as the listed investment company capitalised on opportunities across Australian equities and corporate debt.
The company said its investment portfolio returned 19.2 per cent in the 12 months to June 30, ahead of the S&P/ASX 300 Accumulation Index, while delivering 17.1 per cent less volatility than the benchmark.
WAM Income Maximiser also said its annualised September fully franked dividend yield was 6.9 per cent on average pre-tax net tangible assets over the year, including franking credits, exceeding its 6.3 per cent target income return.
Lead portfolio manager Matthew Haupt said volatile markets created by shifting interest rate expectations, geopolitical tensions, global trade disruptions and rapid advances in artificial intelligence had generated opportunities across both equity and debt markets.
“The investment team successfully identified opportunities across both equity and debt markets throughout the year, adapting the investment portfolio as market conditions evolved. This included repositioning the portfolio in response to changing economic conditions and interest rate expectations, while continuing to focus on high-quality investments capable of delivering attractive risk adjusted returns.”
