"Watermark's business was built on successes investing in Australian shares and it is in the local market where we feel we have the best prospect of generating the elusive 'alpha' returns that all stock pickers strive for."
I see they conveniently left this bit out of the WGF chairman's address: https://www.asx.com.au/asxpdf/20181129/pdf/440s0lymwf8t30.pdf
Ann: Chairman's Address to Shareholders, page-2
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