SHARE PRICE
NTA POST-TAX
NTA PRE-TAX
INVESTMENT PERFORMANCE1
DIVIDEND YIELD2
CONSECUTIVE QUARTERLY DIVIDENDS PAID
1. Investment performance since new mandate adopted 1 July 2017.
2. Dividend yield is based on current displayed share price and dividends declared over the previous 12 months
3. Grossed up yield is based on current displayed share price, dividends declared over the previous 12 months and the tax rate and franking percentage applicable for the most recently declared dividend
SUMMARY
Covid-19 created havoc as the global economy was placed into an induced coma. In response, markets seized-up, convulsed, and collapsed. Central banks came to the rescue and governments are implementing record stimulus plans with more (probably) to come.
Amidst this environment, in 1Q20 the MSCI World Total Return Index, Net Dividend Reinvested, in Australian Dollars “Index”) declined 9.3% and Pengana International Equites Limited’s portfolio declined 4.2%. This outperformance came from both the portfolio’s equity investments and cash holdings.