Fund in Focus: Pengana International Equities Limited

Pengana International Equities Limited gives investors access to a long-only portfolio of 30-50 global equities through a Listed Investment Company (ASX: PIA). The fund invests wherever we see quality opportunities across both developed markets and emerging markets. We have a particular focus on companies that deliver stable yet growing free cash flow throughout cycles (which we classify as ‘Core’ holdings) whilst also taking positions in more cyclical companies and those whose valuation has been materially misconstrued by the market. 

As well as being global in its reach, Pengana International Equities is also a truly ethical fund. And has recently undertaken an extensive ethical review of our process in consultation with the Ethics Centre. We also use Sustainalytics as an additional ESG screen for our portfolio.

These factors form the heart of our research process, and we look to direct capital only to well-managed, responsible and progressive companies, while screening out industries that include the likes of fossil fuels, gambling, weapons, animal cruelty, human rights abuses, mining, tobacco and alcohol just to name a few. 

In this fund in focus, we share with you our unique process for identifying opportunities, talk through some of our holdings and discuss why PIA's evergreen approach is designed to perform through any cycle.