QV Equities (ACN: 169 154 858, ASX: QVE)
QVE is a listed investment company established to provide long term capital growth and income, through a diversified portfolio of ASX listed entities outside of the S&P/ASX 20 Index.
The Manager of the portfolio is IML, a multi award-winning and experienced investment management company, with a track record of successfully managing Australian equities since 1998.
Zenith maintains QVE’s ‘Recommended’ Rating
For a copy of the most recent report please contact your state manager.
“Overall, Zenith believes IML’s portfolio construction process is well defined and executed. Furthermore, the rigorous peer review of the investment team’s research and quality ratings provides Zenith with confidence that the Company is positioned in the firm’s highest conviction ideas.”
Zenith Product Assessment 1 March 2023
The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned 1 March 2023) referred to in this document is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at http://www.zenithpartners. com.au/RegulatoryGuidelines
Investment Objective
QVE aims to generate net returns higher than the S&P/ASX 300 Accumulation Index excluding the S&P/ASX20 Accumulation Index (the top 20 stocks) over a 4+ year investment horizon.
QVE is also focused on long term capital growth and income, seeking investment opportunities that pay sustainable and growing dividends with active franking credits. IML manage the QVE Portfolio from an Australian investor’s perspective, with tax being an important consideration in its daily management.
Investment Philosophy
IML’s investment philosophy is based on the premise that over the long-term, a company’s share price will reflect its underlying inherent value. We seek to buy and own companies with a competitive advantage, recurring earnings, run by capable management, that can grow at a reasonable price.
Why focus on the ex-20 segment?
The top 20 stocks dominate the Australian share market and are amongst the most widely held and researched companies in Australia. IML believes the ex-20 segment offers greater opportunities for above market returns as a result of identifying securities that:
• are typically less researched by brokers
• can generate above average long-term earnings growth
• pay sustainable, regular dividends that can grow over time
Meet the Managers
IML Portfolio Managers Simon Conn and Marc Whittaker are the primary mangers of the QVE portfolio. Senior Portfolio Manager Simon Conn is a founding member of the IML investment team, starting at IML in 1998 and has co-managed the QVE portfolio since its inception in 2014. Simon and Marc are supported by the fundamental research and analysis of the IML investment team. Find out more about Simon, Marc and the IML investment team.
