Investors Mutual launches LIC

— 1 minute read

Investors Mutual has announced plans to launch its first listed investment company (LIC), QV Equities Limited (QVE).

The equity fund manager said the LIC will provide SMSFs, high net worth investors and advisers with a diversified portfolio of quality companies outside the top 20 stocks in the ASX 300. 

QVE’s offer period will be from July 14 to August 8 and will aim to raise between $100 million and $200 million. 


The issue has been arranged through CBA Equities, which is also one of the joint lead managers to the issue along with BBY, Patterson and Taylor Collison and co-manager Lonsec Securities.

Investors Mutual founder and investment director Anton Tagliaferro said that with many portfolios overly concentrated within the top 20 blue chip stocks, the LIC offers investors a vehicle through which to diversify their portfolio. 

“The ex-20 offers more diverse entities in terms of industry sectors, providing a far greater breadth of opportunity,” said Mr Tagliaferro. 

“QVE will identify and invest in stocks which Investors Mutual assesses are good value and have the quality attributes of strong competitive advantage, recurring earnings, capable management and can grow their earnings and dividends over time,” he said.

According to Mr Tagliaferro, the LIC has received positive feedback from research houses, advisers, accountants and individual investors on the approach and strategy behind QVE.

The offer complements the increased move in the market towards direct equities, he added.

“It also provides a unique solution for advisers and investors as QVE will give diversity to portfolios with a high exposure to the top 20 stocks in Australia,” Mr Tagliaferro said.

“QVE will be a useful vehicle for many investors and advisers currently using ETFs and index tracking funds.” 


Investors Mutual launches LIC
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