Pengana International Equities
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About this Fund
|FUND MANAGER||Pengana International Equities|
|ASSET CLASS||LISTED INVESTMENT COMPANY|
|INVESTMENT STYLE||PIA provides access to an actively managed core portfolio across developed and developing global markets.|
|INVESTMENT PROFILE||PIA aims to generate consistent long-term returns whilst reducing volatility and the risk of losing capital.|
|CURRENCY MANAGEMENT||Active management|
|BENCHMARK||MSCI World Total Return Index, Net Dividends Reinvested, in A$|
|FUND SIZE||MSCI World Total Return Index, Net Dividends Reinvested, in A$|
|NO. OF HOLDINGS||30-50|
Benefits of investing in PIA
About the Fund
Pengana International Equities Limited (ASX: PIA) provides access to the benefits of an actively managed core portfolio of 30-50 ethically screened companies across developed and developing global markets via a listed investment company structure.
The aim of PIA is to generate consistent long-term returns whilst reducing volatility and the risk of losing capital.
The sole purpose of a LIC is to manage investments on behalf of its shareholders. Investors can become shareholders in PIA by purchasing the company's shares through any stockbroker or online broker.
How we invest your money
The strategy is long-only, benchmark independent and typically holds 30-50 companies. The mandate allows investment across geographies, industries and company sizes. The companies considered for inclusion in the portfolio demonstrate large and growing free cash flow generation, and are priced attractively relative to their cash flow.
The strategy utilises a negative screening process which seeks to avoid investment in companies that derive operating revenues from direct and material business involvement in the following sectors:
Integration of environmental, social and governance (ESG) factors into the research process directs investments to well managed, responsible and progressive companies.
An integral element of the portfolio construction process is the division of stocks that meet the investment criteria into three segments: Core, Cyclical and Opportunistic.
(60-80% of the portfolio) are stable and growing businesses that generate consistent returns.
(0-30% of the portfolio) are businesses operating in cyclical industries that are poised for a cyclical upturn, which is not recognised in their share price.
(0-20% of the portfolio) are unique, company specific situations that offer attractive potential upside.
The portfolio is created from the 30-50 stock ideas that work best together, rather than just the 30-50 best ideas.