The Pengana Emerging Companies Fund has returned 23.4% Calendar Year To Date (to 30 September 2019).
In this session Steve Black (co-manager of the portfolio) covers:
- his assessment of the past 6 months
- his view on the recent reporting season
- the portfolio’s positioning given the teams’ outlook for small caps
Reporting season provides valuable opportunities to meet with companies the Fund is invested in, to assess potential new investments and to reassess views and the outlook for the small cap sector. It helps to highlight areas to be cautious of or avoid, as well as identify sectors and stocks that are well positioned for the future.