Westoz Investment Co
About this Fund
|FUND MANAGER||Westoz Funds Management|
|ASSET CLASS||LISTED INVESTMENT COMPANY|
|INVESTMENT STYLE||WIC is an actively managed portfolio of small to mid cap ASX listed investments.|
|INVESTMENT PROFILE||WIC seeks to generate a positive return over the medium to long-term, regardless of the movements of the broader share market, and to provide shareholders with a consistent stream of dividends.|
|NO. OF HOLDINGS|
Benefits of investing in WIC
About the Fund
Westoz Investment Company Limited (WIC.ASX) is a listed investment company based in Perth and established in 2005.
The Company's objective is to generate a positive return over the medium to long-term, regardless of the movements of the broader share market, from an actively managed portfolio of small to mid cap ASX listed investments and provide shareholders with a consistent stream of dividends.
Stocks selected within the portfolio are generally outside the Top 100 and will typically have a connection to Western Australia whether it be through their assets, operations and/or management.
The Company's portfolio is managed by Westoz Funds Management Pty Ltd (AFSL 285607), a 100% owned subsidiary of Euroz Limited. Euroz Limited is invested alongside shareholders via a 27% shareholding.
Westoz's investment philosophy is based on the premise that financial markets and individual securities can and do deviate away from fair value. By detailed analysis of a range of valuation parameters, active management of a portfolio of equities can be used to generate an acceptable level of absolute return over a range of time frames.
Due to the relative levels of research coverage by the market, Westoz also believes that companies outside of the Top 100 will experience greater deviation from fair value.
A medium to long-term investment horizon is required and large non-investment driven cash flows can adversely impact long term performance. Hence, a listed investment company structure is the most appropriate form of the investment vehicle.
How we invest your money
Westoz has appointed the Manager to undertake the management of its investment portfolio in a manner consistent with its Investment Philosophy.
Westoz will mainly invest in listed securities. From time to time, a portion of the Portfolio may be held in short term cash deposits. Due to the geographic location of the Manager, it is anticipated that the majority of investments will have a connection to Western Australia. Derivatives may be used where considered appropriate.
The Manager will use a variety of sources to generate investment ideas. A range of parameters are used to assess value, but a key input to the analysis is the expected growth potential of the company. After completing the necessary analysis, a set of stock recommendations will be presented to the Manager's Investment Committee.
The Investment Committee will review the recommendations and put them in the context of the overall equity environment. It will then review the Company's current Portfolio in light of the information presented to it and adjust holdings in the Portfolio to ensure the targeted performance is achieved.
The Investment Committee can also use a variety of instruments to achieve its performance objectives. Where they are allowed, short positions may be held where a compelling reason exists. Derivatives may also be used to generate additional income in the Portfolio or to protect the Portfolio from market downturns.
Subject to the conditions of the Australian Financial Services licence held by the Manager, the Manager may invest in the following types of investments: