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WAM Global FY 2026 Portfolio Lagged Benchmark Amid SaaS Valuation Compression

By Stocks Desk · 2026-09-15 · Updated 2026-09-15 09:53 UTC
A stack of gold coins next to a fountain pen on a wooden desk
Illustration: Tradingbird

WAM Global's FY 2026 portfolio fell 4% against the MSCI World's 14.8% gain, primarily due to heavy derating in SaaS and data sectors, yet the firm maintained a 6.7% dividend yield backed by a profit reserve covering over five years of payouts. Management argues that their diversified approach avoided the risks of the narrow market concentration, with underlying companies still delivering 18% earnings growth.

  • Per GN markets/earnings (en-US), the fund’s underperformance was driven by a 30-72% derating in SaaS and exchange valuations, which together accounted for 75% of the relative loss, while the lead portfolio manager defended the diversified stance as a prudent risk management measure against the concentrated AI infrastructure rally.

    Source: Yahoo Finance UK

  • WAM Global's diversified strategy resulted in a 4% portfolio decline for FY 2026, contrasting with a 14.8% rise in the MSCI World Index. The company maintained a 6.7% dividend yield supported by a substantial profit reserve.

    Source: Yahoo Finance
Based on reporting by Yahoo Finance and Yahoo Finance UK, compiled by the Tradingbird desk.

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