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 Investors Mutual Limited (IML), a multi award-winning and experienced investment management company, with a track record of successfully managing Australian equities since 1998.
DOWNLOAD the QV Equities Fact Sheet: Download PDF
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 24 Feb 2022
The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned 24 Feb 2022) 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.
Anton Tagliaferro and Simon Conn provide an overview of QVE and the opportunities in the ex-20 space.
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
Anton Tagliaferro, Investment Director and founder of IML (The Manager) and Simon Conn, IML Senior Portfolio Manager, are the primary managers of the QVE portfolio. They are supported by the research and analysis of the IML investment team. Further details of Anton Tagliaferro and Simon Conn, their background and areas of responsibility can be found here.
