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Argo Global Listed Infrastructure Ltd. ( (AU:ALI) ) has shared an update.
Argo Global Listed Infrastructure Ltd. reported a slight increase in its net tangible asset (NTA) backing per share in May, reflecting a positive trend in global infrastructure stocks. The company noted that infrastructure stocks, particularly marine ports and railways, performed well due to optimism around trade outlooks and strong earnings. This performance, however, trailed broader global and local equities. The company also highlighted its successful investor meetings and the availability of presentation materials online, emphasizing its commitment to shareholder engagement.
More about Argo Global Listed Infrastructure Ltd.
Argo Global Listed Infrastructure Ltd. is a company listed on the Australian Securities Exchange under the code ‘ALI’. It provides exposure to a diverse portfolio of global infrastructure stocks, actively managed by Cohen & Steers, a leading specialist global real assets fund manager. The company offers a simple way to invest in a large and complex asset class through one ASX trade, with a focus on global diversification and enhancing risk-adjusted returns.
Average Trading Volume: 111,454
Technical Sentiment Signal: Strong Buy
See more insights into ALI stock on TipRanks’ Stock Analysis page.