Pengana International Equities outperforms benchmark on month & inception

Company News

by Jessica Amir

Listed investment company, Pengana International Equities (ASX:PIA) outperformed the market for the month and since inception according its December portfolio update.

If you look at the charts, it share price is trading at all-time highs.

For the fund, since inception it gained 7.8 per cent, outperforming the benchmark return of 7 per cent (as at December end).

Of its 30-50 companies that is invests in, the biggest positive individual stocks for the month were Wacker Chemie, Dollar General and Antofagasta.

Wacker Chemie, the material play, in Germany saw a solid return in the month.

Discretionary play, Dollar General, which is listed in the US performed strongly on the back of the American retail sector while Antofagasta’s share price rallied on the back of a seven per cent rise in the copper price.

Shares in Pengana International Equities (ASX:PIA) are currently trading 0.4 per cent lower at $1.19.

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 with a passion for equities and funds management. As Head of News, she has been a broadcast journalist for over seven years, specialising in finance. She has been a journalist with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for regional Channel 7 and 9. She also previously worked as a financial planner and real estate agent.