VGI Partners Global Investments Ltd. (AU:VG1) has released an update.
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VGI Partners Global Investments Ltd (VG1) reported a slight dip in net portfolio return for July 2024 at -0.5%, while the past 12 months showcased a robust 14.8% return. The company’s shares traded at a 13.7% discount to their Net Tangible Assets, and VG1 continued to provide investors with exposure to a diverse portfolio through both long and short positions in global securities. Their largest contributor was DSM-Firmenich, buoyed by industry restocking and merger benefits, while their short position in Symbotic paid off as the company’s stock fell sharply.
For further insights into AU:VG1 stock, check out TipRanks’ Stock Analysis page.
