Wallace Absolute Return Limited
(ASX code WAB)
Wallace Absolute Return Limited ABN 58 100 854 788 is a company which has been formed to invest in a portfolio of permitted investments. The Company strives to achieve consistent, positive returns in rising and falling markets. The directors consider the Company can be distinguished from other traditional funds by its greater flexibility and its ability to use strategies which are often unavailable to traditional investment managers such as Relative Value Trades to exploit perceived pricing discrepancies in markets and to control risks. The Company provides investors with the opportunity to invest in a portfolio of investments and gain access to a disciplined investment process and the management experience of the executives of Wallace Funds Management Pty Limited.
The Company predominantly invest in ASX listed securities. The majority of the money raised has been invested in Australian equities.
The Company focuses on active capital management which involves the buy-back of its Shares when its Shares are trading at a sizeable discount to its net tangible asset backing, the issue of Shares at net asset value after the IPO and the issue of other Securities through bonus issues, right issues and option issues, with a view to enhancing the value of the Securities held by the investor. The Company will also maintain a dividend reinvestment plan.
