Wilson Asset Management leans into the bank rally
James FrostFinancial services writer
Geoff Wilson's newest listed investment company has side-stepped the carnage among domestic stock pickers after sniffing the winds of change and investing heavily in banks during November.
The decision has ensured that the WAM Leaders Fund has got off to a flying start, reporting a $17.8 million after-tax profit and a fully franked maiden dividend of 1¢ a share after a little over seven months on the ASX.
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