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| Fund Overview | The manager utilises a robust investment process that combines in depth fundamental research with disciplined portfolio construction and risk controls. |
| Manager Comments | Pengana's monthly reported noted glimmers of hope that the outlook for global growth in 2013 would not be as bad as investors had feared just six months ago as uncertainty in the US, Europe and China receded. In addition Pengana noted that the relatively high yield from equities vs bonds in a falling interest rate environment will benefit the flow towards equities. In this environment the Fund added three new stocks to the portfolio over the past quarter, namely Charter Hall, SFG Australia and Vision Eye Institute, increased weightings to housing related stocks such as Fletcher Building and CSR, reduced weighting in Transpacific Industries and exited WDS due to the deteriorating outlook for the coal mining services division. |
| More Information | » View detailed profile of this fund |
