In this webinar, Jon Moog, Fund Manager of the Pengana Global Small Companies Fund, provides further insight and more detail into the current opportunity for global small caps as seen below, and also responds to a number of questions.
A recent article published by Steven Milch, Pengana’s consulting economist points to a new economic cycle which will be characterised by,
- Faster economic growth,
- Higher inflation,
- Ongoing monetary and fiscal stimulus, and
- Strengthening economic performance beyond the US.
The Pengana Global Small Companies Fund is positioned to provide an excellent opportunity to enhance global equity portfolios should these conditions emerge and persist.
The Fund invests in high-quality businesses with strong pricing power and favourable operating margins. Importantly, it is disproportionately invested in sectors that will benefit from an increase in interest rates, as well as more reasonably valued jurisdictions resulting in a significant overweight to Europe.