What’s next for the Cochlear share price?
A recent update from leading fund manager Wilson Asset Management (WAM) said that “recent data points suggest Cochlear continues to benefit from market share gains as a result of competitor Advanced Bionics … announcing a recall of some of its cochlear implant devices in February 2020”.
“Additionally, Cochlear remains a clear winner of the reopening trade and recent feedback from US audiologists suggest cochlear implant patient numbers are strongly above pre-coronavirus levels”.
The commentary from WAM bodes well with the solid year-to-date performance of the Cochlear share price.
Should you invest $1,000 in Cochlear right now?
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Respected fund manager Wilson Asset Management (WAM) has recently identified two ASX shares that it owns in its portfolio.
WAM operates several listed investment companies (LICs). Two of those LICs are
WAM Capital Limited (ASX: WAM) and
WAM Leaders Ltd (ASX: WLE).
There’s also one called
WAM Active Limited (ASX: WAA) which looks at businesses it thinks are the most undervalued.
WAM says WAM Active invests in market mispricing opportunities in the Australian market.
The WAM Active portfolio has delivered gross returns (that’s before fees, expenses and taxes) of 12.1% per annum since inception in January 2008, which is superior to the Bloomberg AusBond Bank Bill Index return per annum of 3%.
3 ASX shares to win when lockdown ends
3 ASX shares to win when lockdown ends
WAM Leaders had an excellent 2021 financial year, but on which stocks have its portfolio managers placed bets for the coming period?
Senior journalist at The Motley Fool
Tony Yoo is a senior journalist at The Motley Fool Australia. He formerly wrote for Yahoo Finance, Business Insider and Guardian Australia. Please send story tips to tony.yoo(at)foolcontractors.com. Tony s stock holdings are here.
Latest posts by Tony Yoo (see all)
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Image source: Getty Images
As retail investors, it’s always fascinating to see which ASX shares the professionals have put their money in.
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Senior journalist at The Motley Fool
Tony Yoo is a senior journalist at The Motley Fool Australia. He formerly wrote for Yahoo Finance, Business Insider and Guardian Australia. Please send story tips to tony.yoo(at)foolcontractors.com. Tony s stock holdings are here.
Latest posts by Tony Yoo (see all)
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Telecommunications giant
Image source: Getty Images
Respected fund manager Wilson Asset Management (WAM) has recently identified two ASX shares that it owns in its portfolio.
WAM operates several listed investment companies (LICs). Some focus on larger companies like
WAM Leaders Ltd (ASX: WLE) and
There’s also one called
WAM Capital Limited (ASX: WAM) which targets “the most compelling undervalued growth opportunities in the Australian market.”
The WAM Capital portfolio has delivered an investment return of 16.6% per annum since inception in August 1999, before fees, expenses and taxes. This gross return outperformed the S&P/ASX All Ordinaries Accumulation Index return of 8.7% per annum over the same timeframe.