Wilson Asset Management

03/11/2026

Australian shares recovered last week, with the S&P/ASX 200 gaining 1.1%, while Wall Street came under pressure as concerns over AI investment returns weighed on sentiment.

With inflation remaining a key concern and the Reserve Bank of Australia's next interest rate decision approaching, investors are assessing what lies ahead for domestic and global markets.

In the latest edition of The Weekly, we explore:

• The rebound in Australian equities, supported by resources and banks.
• The outlook for interest rates following the US Federal Reserve's decision to hold steady.
• Renewed concerns over AI spending and its impact on global technology stocks.
• Takeover interest in Challenger (ASX: CGF).

Read the full edition of The Weekly:

The S&P/ASX 200 ended the week higher, gaining 1.1%, with resource stocks rallying and banks providing support later in the week. However, trading updates from Wesfarmers (ASX: WES), JB Hi-Fi (ASX: JBH) and Super Retail Group (ASX: SUL) indicated that consumers were becoming increasingly cautious.

27/10/2026

As the US Federal Reserve prepares for its next interest rate decision, what does the outlook for inflation, economic growth and market volatility mean for global equities?

Wilson Asset Management Portfolio Strategist Damien Boey and WAM Global (ASX: WGB) Portfolio Manager William Liu discuss the resilience of the US economy, continued investment in AI infrastructure and emerging opportunities across the industrials and healthcare sectors.

They also explore the Fed’s potential next move and the implications for investors navigating changing market conditions.

26/10/2026

Beyond the headlines, what really matters for your investment portfolio?

With interest rates, inflation, geopolitical developments and shifting global economic conditions giving investors plenty to digest, we’re bringing the conversation back to what matters for Australian investors.

Join Lead Portfolio Manager Matthew Haupt and Portfolio Strategist Damien Boey on Thursday, 5 November at the Museum of Sydney for an exclusive WAM Leaders (ASX: WLE) and WAM Income Maximiser (ASX: WMX) shareholder presentation.

During the session, Matt and Damien will:
- Discuss the outlook for Australian equities, interest rates and income markets;
- Provide an update on the WAM Income Maximiser and WAM Leaders investment portfolios; and
- Share where we are seeing opportunities and how we are positioning the portfolios for the period ahead.

Register today: https://events.humanitix.com/beyond-the-headlines-how-we-re-positioning-your-investment-portfolios-or-sydney-2026

23/10/2026

A fantastic week connecting with shareholders across NSW!

This week, we welcomed over 150 attendees across our Wollongong and Newcastle Shareholder Presentations.

Our investment team shared their latest insights into market conditions, portfolio positioning and the opportunities ahead, while answering questions from shareholders.

Thank you to everyone who joined us. We always value the opportunity to connect with our shareholders in person, hear your perspectives and discuss the topics that matter most to you.

Next week, we're heading to Queensland, with presentations in Noosa (Tuesday), Toowoomba (Wednesday) and the Gold Coast (Thursday).

It's not too late to secure your spot! Register here: https://wilsonassetmanagement.com.au/events/

16/10/2026

Could some of AI’s investment opportunities lie in ‘boring’ businesses?

WAM Alternative Assets (ASX: WMA) Investment Analyst Jacob Grover explores how established businesses are using AI to reduce repetitive work, improve efficiency and free up skilled employees for higher-value tasks.

Drawing on ASF Audits, a business in WMA’s private equity portfolio, Jacob explains how technology can support growth while qualified professionals retain responsibility for final decisions.

He also outlines why pricing discipline, data security and managers’ ability to implement technology matter when assessing these opportunities.

Read Jacob’s article on Livewire Markets:

While markets focus on AI builders, established businesses putting AI to work are seeing real benefits that often go overlooked.

15/10/2026

How are CGT changes influencing where investors put their money?

Portfolio Strategist Damien Boey says conversations with advisers and shareholders point to a growing preference for income over capital growth ahead of the changes taking effect on 1 July 2027.

In this Livewire Markets interview with Solaris’ Charles Casey, Damien discusses opportunities across bank bonds, how WAM Income Maximiser (ASX: WMX) supports monthly dividends, and why investors should look beyond headline yields.

Watch the interview and read the article:

The CGT shift is pushing investors towards income. Here’s where WAM's Damien Boey and Solaris' Charles Casey are looking.

06/10/2026

05/10/2026

Capital gains tax changes are already influencing how Australians invest.

In an op-ed published in The Australian Financial Review, Portfolio Strategist Damien Boey examines how the changes could alter investor behaviour well before they take effect.

Damien explores why reducing the relative attractiveness of future capital gains could encourage investors to favour income-producing assets over businesses reinvesting for long-term growth, with potential consequences for innovation, productivity and the cost of capital for Australian companies.

Read Damien’s full op-ed:
https://wilsonassetmanagement.com.au/capital-gains-tax-changes-are-influencing-how-australians-invest/

02/10/2026

What are US companies telling us that the headlines might miss?

Following meetings with more than 40 companies on a recent US research trip, WAM Global (ASX: WGB) Investment Analyst Laura Hargrove returned with an upbeat outlook.

In a Q&A with Livewire Markets, Laura discusses how AI is creating growth opportunities beyond technology, why companies’ ability to execute matters and where pressure on consumers calls for greater caution.

She also explains why the team added to its investment in Thermo Fisher Scientific (NYSE: TMO) and shares an energy infrastructure business now on its watchlist.

Read the full Q&A:

WAM Global's Laura Hargrove says there was a lot to pay attention to in America - here's the key takeaways and the key stocks.

29/09/2026

Our 2026 Shareholder Presentations are approaching.

Throughout October and November, Wilson Asset Management and Future Generation will be connecting with shareholders across Australia, providing an opportunity to hear directly from our investment team about portfolio positioning, market insights and the opportunities they are identifying.

Joining us will be Portfolio Manager Nick Healy, Senior Investment Analyst Hailey Kim and Chief Investment Officer at Future Generation Lee Hopperton, with more speakers to be announced over the coming weeks.

We encourage shareholders to bring along a friend or family member, whether they are an experienced investor or newly interested in markets.

Register to join us:

Events - Wilson Asset Management