asset_category:
peer_benchmark:
broad_market_index:
manager_contact_details: Array
ticker: DUI
release_schedule:
structure: Listed Investment Company
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fund_features:
Diversified United Investments Limited (DUI) was listed on the ASX in 1991. The company aims to generate capital and growing income returns from an investment in a portfolio of ASX-listed securities. The company has a long-term investment focus and does not intend to dispose of its portfolio. It has a buy-and-hold investment style, with the company only exiting investments if the board believes there has been deterioration in the industry and/or the management. The company has a focus on maintaining and growing the dividend income paid to shareholders. Given the long-term investment horizon of the company, portfolio churn is low.
- Invests in a portfolio of ASX-listed securities to generate income and capital appreciation over the long-term, similar to its sister company, AUI.
- The original investment mandate included diversified asset classes of international shares and fixed interest. The focus of the company has been on Australian equities for many years but the portfolio now includes an allocation to international equities.
- DUI invests in a portfolio of domestic listed stocks and gains exposure to international markets through ETFs and more recently managed funds.
- The company has a target allocation to international equities of 10-20% with a portfolio weighting of 16% at quarter end.
- The portfolio is concentrated with the top ten holdings accounting for 54.1% of the portfolio.