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Argo Global Listed Infrastructure Ltd. ( (AU:ALI) ) just unveiled an announcement.
Argo Global Listed Infrastructure Ltd. reported a rise in net tangible asset (NTA) backing per share, with its portfolio outperforming the benchmark due to strong performance from its holding in SES, a Luxembourg-based telecommunications company. The global infrastructure sector showed resilience amid market volatility, benefiting from a shift towards stable and defensive sectors. This environment supports predictable earnings for global listed infrastructure, enhancing Argo’s position and offering potential downside protection for stakeholders.
More about Argo Global Listed Infrastructure Ltd.
Argo Global Listed Infrastructure Ltd. provides exposure to a diverse portfolio of global infrastructure stocks. The portfolio is actively managed by Cohen & Steers, a leading specialist global real assets fund manager managing funds of over A$110 billion for institutional clients and sovereign wealth funds. The company is listed on the Australian Securities Exchange under the ASX code ‘ALI’.
YTD Price Performance: -9.23%
Average Trading Volume: 2
Technical Sentiment Signal: Strong Buy
For an in-depth examination of ALI stock, go to TipRanks’ Stock Analysis page.