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Argo Global Listed Infrastructure Ltd. ( (AU:ALI) ) has shared an update.
Argo Global Listed Infrastructure Ltd. reported a 5.1% increase in its portfolio for the December quarter, slightly underperforming the global infrastructure benchmark, which rose by 5.6%. The company’s performance was positively impacted by a sharp decline in the Australian dollar, benefiting its unhedged portfolio. Strong stock selection in the Gas Distribution subsector, particularly with US-based utility NiSource, contributed positively, although gains were offset by caution towards Grupo Aeroportuario del Sureste due to potential trade policy impacts from the US administration. The portfolio outperformed Australian equities, emphasizing global infrastructure’s diversification benefits.
More about Argo Global Listed Infrastructure Ltd.
YTD Price Performance: 9.17%
Average Trading Volume: 2
Technical Sentiment Consensus Rating: Sell
For an in-depth examination of ALI stock, go to TipRanks’ Stock Analysis page.
