and franking credits lobbying, as his WAM Leaders parks its mooted $731.5 million raising amid falling markets.WAM Leaders, which kicked off the raising on March 6 after outperforming the ASX 200 by the 11.5 per cent over three years, had to pull the plug on Wednesday morning.
Between then and Tuesday’s close – a period of turmoil for central bankers and investors alike as Silicon Valley Bank, Signature Bank, First Republic and Credit Suisse ran into trouble – the ASX 200 fell by 5.5 per cent. It’s harder to gauge the fluctuation in the all-important NTA . The LIC publishes the numbers only once a month, but market sources reckon WAM Leaders’ NTA would have gone from $1.48 at February end to $1.43 at Tuesday’s close – the bookends between when the raising was priced and pulled.