Pengana International Equities Limited gives investors access to a diversified portfolio of 30-50 global equities through a Listed Investment Company that has traded on the ASX since March 2004. The Company’s Investment Manager
is a wholly owned subsidiary of Pengana Capital Group Limited (ASX: PCG).
The sole purpose of a LIC is to manage investments on behalf of its shareholders. Investors can become shareholders in HHV by purchasing the company’s shares through any stockbroker or online broker.
The aim of HHV is to generate consistent long-term consistent returns whilst reducing volatility and the risk of losing capital.
The strategy is long-only, benchmark independent and typically holds 30-50 companies. The mandate allows investment across geographies, industries and company sizes. The companies considered for inclusion in the portfolio demonstrate large and growing free cash flow generation, and are priced attractively relative to their cash flow.
The strategy utilises a negative screening process which seeks to avoid investment in companies that derive operating revenues from direct and material business involvement in the following sectors:
the manufacture or sale of weapons and weapon components,
gambling outlets or systems,
intensive animal farming,
animal testing for cosmetics,
activities that give rise to human rights violations,
unremediated destruction of the environment,
uranium mining and nuclear reactors, and
fossil fuel exploration, production, refining, storage and transportation.
Integration of environmental, social and governance (ESG) factors into the research process directs investments to well managed, responsible and progressive companies.
An integral element of the portfolio construction process is the division of stocks that meet the investment criteria into three segments: Core, Cyclical and Opportunistic.