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Argo Global Listed Infrastructure Ltd. ( (AU:ALI) ) has provided an update.
In December, Argo Global Listed Infrastructure Ltd. reported a net tangible asset (NTA) per share of $2.65, slightly down from November’s $2.70. Despite a 0.9% decline in global infrastructure stocks, the company’s portfolio gained 23.2% for the year 2024, outperforming the benchmark index return of 20.7%. The performance highlights the benefits of diversification for Australian investors, as the portfolio significantly outperformed local shares, which rose 11.4%. This strong performance reflects Argo’s strategic positioning in the global infrastructure sector, providing less volatile and risk-adjusted returns compared to broader equities.
More about Argo Global Listed Infrastructure Ltd.
Argo Global Listed Infrastructure Ltd. provides exposure to a diverse portfolio of global infrastructure stocks. The portfolio is actively managed by Cohen & Steers, a leading specialist global real assets fund manager. The company is listed on the Australian Securities Exchange (ASX) under the code ‘ALI’ and has a market capitalization of $405 million. Established in 2015, it offers investors global diversification and access to infrastructure opportunities across various geographies and economies.
YTD Price Performance: 1.59%
Technical Sentiment Consensus Rating: Sell
For a thorough assessment of ALI stock, go to TipRanks’ Stock Analysis page.
