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Pengana takes $50 million allocation from AUSCOAL
Pengana Capital’s global volatility fund has won a $50 million allocation from industry superannuation fund AUSCOAL.
Pengana chief executive Russel Pillemer said it was a sound acquisition for the company’s strategy.
“With the investment markets undergoing unprecedented levels of volatility, the Pengana global volatility fund, being uncorrelated with other asset classes, is well placed to perform well in this difficult environment,” he said.
The AUSCOAL investment team carried out months of due diligence with Pengana before choosing the global volatility fund.
The fund has more than $600 million in funds under management.
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The board must shift its focus from managing inflation to stimulating the economy with the trimmed mean inflation figure edging closer to the 2.5 per cent target, economists have said.
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TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
88.01 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
72.60 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
44.46 3 y p.a(%)
4
Pengana High Conviction Equities B
39.12 3 y p.a(%)
5
Pengana High Conviction Equities A
39.05 3 y p.a(%)
