Listed Managed Investment Reports

Contango MicroCap Ltd (CTN) - Rating Suspension Continues
Tuesday, April 11, 2017
We retain our concerns about the two manager arrangement. We suspended our rating on 8 December. We outline our concerns in the report attached more fully.
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LIC Monthly Report - March 2017
Tuesday, April 4, 2017
Our latest summary of all the LICs on the ASX and discussion on the newly listed ones coming to market.
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QV Equities Limited (QVE) - An Opportunity To Invest Outside the Top 20
Thursday, March 23, 2017
IML uses a high conviction, fundamental bottom up investment process and has a highly capable and proven investment team. QVE has a two-and-a-half year track-record and has outperformed the benchmark since inception. QVE may be suited to investors who have a high degree of exposure to the S&P/ASX 20 Index and would benefit from industry, sector and company diversification by way of S&P/ASX ex 20 Index exposure. Our research report contains more details, including our investment rating for QVE.
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Quarterly Research Ratings Review
Sunday, March 19, 2017
This is the most comprehensive research review of the sector with detailed rating profiles on each LIC together with our analysis.
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WAM Research Limited (WAX) - Ratings Upgrade to Highly Recommended
Tuesday, March 7, 2017
The Manager focuses its investments on undervalued growth companies predominantly in the mid and small-cap sectors. WAX also provides exposure to value arbitrages and market mispricing opportunities. WAX aims to deliver investors a stream of fully franked dividends as well as provide capital growth.
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