Generated over $232m in dividends and franking credits
West Australian based and investment focused
Investment Manager aligned with investors
Consistent investment team
Westoz Funds Management Pty Ltd (WFM) is a Perth based fund manager established in 2005.
WFM manages two listed investment companies, Westoz Investment Company Limited and Ozgrowth Limited, which focus on investing in small to mid cap ASX listed securities, generally connected to Western Australia.
The investment objective for both portfolios is to generate a positive return over the medium to long term, regardless of the movements of the broader share market, and provide shareholders with a consistent stream of dividends.
Westoz Funds Management Pty Ltd is a wholly owned subsidiary of Euroz Limited, a listed diversified financial services company.
Mr Dermot Woods
Mr Woods is an Executive Director of the Manager and is responsible for sourcing, analysing and implementing investment ideas. He is a member of the Manager’s Investment Committee.
Mr Woods has over fifteen years of investment experience in international equity markets as an equity analyst and a portfolio manager. Prior to joining Westoz Funds Management, Mr Woods was an industrial equity analyst with Euroz Securities. Prior to joining Euroz, Mr Woods was an institutional stockbroker for Merrion Capital in Dublin. Mr Woods commenced his investment career with HSBC Asset Management in London where he specialised in European equities.
Mr Woods holds a Bachelor of Commerce Degree in Accounting and Business from Edinburgh University and has completed the Chartered Financial Analyst (CFA) program and been awarded the CFA designation.
Mr Philip Rees
Mr Rees is a Non Executive Director of the Manager and sits on its Investment Committee.
Mr Rees has worked in a range of roles focussed on Australian investment markets since 1987. He was the Director of Investments with the Government Employees Superannuation Board in Western Australia for a 6 year period to September 2000. During this period, he oversaw a major restructuring of that entity’s investment portfolio and directly managed funds in Australian equity and fixed interest markets.
Prior to this period, Mr Rees was involved in the management of an Australian equity portfolio with Suncorp and in the analysis of equities for a stockbroker focussed on servicing the Australian institutional market.
Mr Rees has also been involved as Chief Investment Officer of a listed pooled development fund and has managed a number of successful venture capital investments.
Mr Rees has a Bachelor of Commerce Degree and is a Chartered Financial Analyst. He is also a Senior Fellow of FINSIA, a Certified Practicing Accountant and a Fellow of the Chartered Institute of Secretaries.
Mr Jay Hughes
Mr Hughes commenced as a Non Executive Director of the Manager in May 2005.
Between 1986 and 2000, Mr Jay Hughes was employed by a Perth stockbroker that was part of a national and international group at the time. From 1994 he acted in the capacity of an Executive Director and before this as an Associate Director.
From 2000 until the present date, Mr Hughes has worked for Euroz Securities Limited and Euroz Limited and also acts in the capacity of Executive Director and Responsible Officer of both companies. During this time, Mr Hughes has been involved in the institutional sales department of the stockbroking business dealing predominantly with offshore funds. He is also heavily involved in many facets of the management and supervision of both companies.
Mr Hughes is also Non – Executive Chairman of Westoz Investment Company Limited and Ozgrowth Limited.
Mr Hughes holds a Graduate Diploma in Applied Finance and Investment from the Securities Institute of Australia. He was recognised as an affiliate of ASX in December 2000 and was admitted in May 2004 as a Practitioner Member (Master Stockbroking) of the Stock Brokers and Financial Advisors Association.
Mr Hughes is also a member of the Manager’s Investment Committee.
Miss Naika Palma
Naika is a Financial Analyst for Westoz Funds Management.
Prior to joining Westoz Funds Management, Naika worked as an Analyst for RSM Australia. Naika holds a Bachelor of Commerce from Curtin University and is currently progressing through the Institute of Chartered Accountants Australia and New Zealand (CA) program.
Mr Joseph Carlton
Joseph is an Associate Analyst for Westoz Funds Management.
Prior to joining Westoz Funds Management, Joseph worked in Portfolio Operations for Entrust Wealth Management. Joseph holds a Bachelor of Commerce from Curtin University and Diploma of Financial Planning. Joseph is progressing through the Chartered Financial Analyst (CFA) program.
Westoz Funds Management’s investment approach focuses on:
Westoz Funds Management has an Investment Committee which meets regularly to review the investment portfolios and consists of Jay Hughes, Dermot Woods and Philip Rees.
July 28, 2021
Westoz Weekly – 28 July 2021
Equity markets were strong over the week (S&P500 +1.8%, ASX All Ords. +2.4%)…Read More »
July 28, 2021
WA Funds Management Shift Focus – Business News 26 July 2021
Business News Article by Mark Beyer (Published 26th July 2021).Read More »
July 28, 2021
Westoz Weekly – 21 July 2021
It was a volatile week for global equity markets, which is ‘fund manager language’ for markets went down…Read More »
July 16, 2021
Dividend Reinvestment Plan – WIC.ASX & OZG.ASX
Naika Palma and Phil Rees discuss the Dividend Reinvestment Plans (DRP) for WIC.ASX and OZG.ASX. With dividend season just around the corner, shareholders should review their current preference and update it if need be. Benefits of a DRP include: No transaction fees or brokerage, priced at a discount to after tax NTA, potential for compounding growth […]Read More »
July 16, 2021
WIC Video Update – June 2021
The Westoz investment portfolio finished FY2021 with gross investment performance of +34.0%. The ASX All Ordinaries Acc. Index increased +30.2% on a comparable basis. In June, the Westoz investment portfolio returned +1.8%. In this short video we briefly discuss June performance before reviewing the year and current outlook. Please click on the above image to watch the video.Read More »
July 16, 2021
OZG Video Update – June 2021
Ozgrowth Limited’s investment portfolio finished FY2021 with gross investment performance of +62.9%. On a comparable basis the ASX Small Ordinaries Acc. Index increased +33.2% over the same period. In June, the Ozgrowth portfolio returned -1.0%. In this short video we briefly discuss June performance before reviewing the year and current outlook. Please click on the above […]Read More »