Markets were weak in October with the ASX All Ordinaries Accumulation Index down 3.85%. Small and micro cap stocks underperformed large cap stocks with the S&P/ASX Small Ordinaries Accumulation Index (“Small Ords”) down 5.45% and the S&P/ASX Emerging Companies Accumulation Index (“Emerging Companies Index”) down 4.56%. Small and micro cap stocks have underperformed in CY2023 thus far with the Small …
Pharma & Biotech Stocks on the Move in October
It was a tough month for the Pharma & Biotech coverage universe with 73.2% of share prices for companies in the universe either flat or negative for the month of October. There were however a few shining lights. In this edition of the Movers & Shakers: Pharma & Biotech newsletter we highlight 5 stocks that experienced positive moves in October.
AFI, AMH, DJW & MIR Update Reports
We have published update reports for Australian Foundation Investment Company Limited (ASX: AFI), AMCIL Limited (AMH), Djerriwarrh Investments Limited (ASX: DJW) and Mirrabooka Investments Limited (ASX: MIR). The outcomes for each of the LICs are summarised below. Note, all ratings should be read in conjunction with the full reports which are accessible in the Listed Managed Investments section of the …
Platinum Asia Investments Limited (ASX: PAI) Review
Platinum Asia Investments Limited (ASX: PAI) is a listed investment company (LIC) that provides exposure to an actively managed portfolio of predominantly listed securities in the Asia ex Japan region. The Company has a history of more than seven years with the Company listing on the ASX in September 2015. The portfolio is managed by Platinum Asset Management Ltd (ASX: …
Platinum Capital Limited (ASX: PMC) Review
Platinum Capital Limited (ASX: PMC) is a listed investment company (LIC) that provides exposure to an actively managed portfolio of global equities with an absolute return focus. The Company has a long history with the Company listing on the ASX in 1994. The portfolio is managed by Platinum Asset Management Ltd (ASX: PTM) (the “Manager” or “Platinum”), an ASX-listed asset …
LMI Monthly Update – Restructures on the Menu
In October there were a number of LICs and LITs that announced they were seeking to restructure from a closed-ended to an open-ended structure in response to the continued discount at which some vehicles have traded. Among these included Magellan Global Fund (ASX: MGF), NB Global Corporate Income Trust (ASX: NBI) and Forager Australian Shares Fund (ASX: FOR). In this edition …