WAM Global (ASX: $WGB) Investment Portfolio Performance Update

WAM Global (ASX: $WGB) has reported an 18.7% increase in its investment portfolio in the eight months to 29 February 2024, outperforming the market. The outperformance has boosted pre-tax net tangible assets (NTA) to $2.57 and supports the 7.9% annualised fully franked interim dividend for FY2024.

Executive Commentary on Investment Portfolio Performance

Chairman Geoff Wilson AO expressed his satisfaction with the quality of WAM Global's investment portfolio, attributing the outperformance to the diligent assembly of a portfolio of companies with strong earnings potential, attractive valuations, and catalysts to drive share price reratings. Lead Portfolio Manager Catriona Burns highlighted the robust earnings results delivered by portfolio companies during the recent reporting season as a key factor contributing to the investment portfolio's outperformance.

Summary of WAM Global's Investment Portfolio Performance

WAM Global (ASX: $WGB) has delivered an 18.7% increase in its investment portfolio, supporting a 7.9% annualised fully franked interim dividend for FY2024. The company's investment team has identified multiyear growth pathways for high-quality companies in the portfolio, foreseeing significant upside to valuations as they execute on their potential. The investment portfolio's outperformance in February was attributed to robust earnings results delivered by portfolio companies during the recent reporting season. WAM Global's investment portfolio has shown resilience and is exposed to structural growth drivers, including digital transformation, artificial intelligence, health and wellness, and infrastructure underbuild.