Q: Why have you not increase the % owned in the growth portfolio ? What factors would you like to see before adding to TVE?
Thanks
Thanks
5i Research Answer:
TVE is up this year, but down 21% since we added it to the Growth Model. We like the company, and may consider adding. Our sector weighting is quite low, and the sector is doing OK this year (up 13%). There is no particular reason why we have not added to it, other than other names added have had high potential in our view. Also, our cash position is fairly low at 1.5%.
** EDIT:
In our latest market update on July 16, 2024, we increased the TVE position in the Growth model portfolio to 2.0%.