asset_category:
peer_benchmark:
broad_market_index:
manager_contact_details: Array
ticker: PIA
release_schedule:
structure: Listed Investment Company
commentary_block:
factsheet_url:
fund_features:
Pengana International Equities Limited (PIA) is a listed investment company that invests in a concentrated portfolio of international equities. PIA seeks to generate long-term consistent returns whilst reducing volatility and the risk of losing capital. The Manager employs a bottom-up fundamental analysis to select stocks. It uses a number of filters, including market cap, an ethical screen, debt and cashflow metrics and revenue growth.
- The portfolio typically comprise 30-50 stocks and be divided into three segments, core (60%-80%), cyclical (0%-30%) and opportunistic (0%-20%).
- The portfolio is largely invested in developed markets with some exposure to emerging markets.
- The majority of the portfolio is invested in large cap stocks, those with a market cap of US$10b+. A portion of the portfolio is also invested in mega cap stocks those with market cap greater than US$100b.