GVI has lifted its allocation to its sole Australian stock holding, Origin Energy.
Investment manager Global Value Investors (GVI) has increased its allocation to its only Australian share holding, Origin Energy.
GVI managing director Roy Chen said the manager had been gradually increasing its allocation to Origin Energy since September last year, with the latest addition taking place last week.
"Origin Energy now makes up 2 per cent of our flagship fund and the allocation is now worth around $12 million," Chen said.
The power generation company is GVI's first and only Australian share holding and Chen said it would be a long-term investment.
"Whenever we buy into any stock we look at the global equivalent and this stacks up very well. Origin has always been on our radar, but the correction allowed us the opportunity to buy stock," he said.
GVI was exploring the option of investing in other Australian stocks, he said.
"Woodside, Santos and Qantas are on our radar screen as well as the banks. There are about 10 or so Australian stocks that we're looking at," he said.
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