Argo Global Listed Infrastructure Ltd. (AU:ALI) has released an update.
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Argo Global Listed Infrastructure Ltd. reports a robust July with global infrastructure stocks rising sharply by 8.8% in Australian dollar terms, outperforming broader equities, supported by investor optimism over potential US Federal Reserve rate cuts. The company’s communications sector, making up 9.9% of its portfolio, significantly contributed to its performance, with strong earnings reports bolstering gains. Argo Infrastructure, with a diverse global portfolio managed by Cohen & Steers, will announce its full year results on August 26, 2024.
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