Investors Mutual Limited

investors mutual limited (iml) is a specialist australian equities fund manager, established in 1998 by anton tagliaferro. the iml team applies a conservative quality and value-based investment style with a long-term focus and aims to deliver consistent returns for clients. iml has an active, ‘bottom-up’ approach to identifying, researching and valuing quality companies. our approach is systematic, disciplined and focuses on finding companies that meet our investment criteria and then determining an appropriate valuation for those companies. we look to invest in companies with four clear quality characteristics: • competitive advantage • recurring earnings • capable management • the ability to grow over time additionally, from a valuation perspective it is important that such companies be trading at a price below what we believe represents the long-term underlying value of the company. iml currently manages the following funds: • australian share fund • all industrials share fund • con