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 is a senior finance journalist and presents the Market Outlook, Market at Midday and Market Wrap. She also presents ASX company news and interviews CEOs. She joined FNN in January 2017 with six years of broadcast journalism experience. She worked as a journalist and producer with Sky News Business, ABC 1, ABC's The Business and ABC24. She also worked in regional Australia for Prime 7 and WIN News as a TV reporter. In her prior life she worked as a financial planner.