Argo Global Listed Infrastructure Ltd. (AU:ALI) has released an update.
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Argo Global Listed Infrastructure Ltd reported a positive uptick in its portfolio, outperforming the benchmark index with a 7.5% gain in A$ terms for the quarter, driven by strong performances in the marine ports and midstream energy sectors. Despite global infrastructure stocks lagging behind broader equities, they offered diversification benefits by outperforming local equities. Key contributors to the portfolio’s success included Brazil-based Santos Brasil and US-based Targa Resources, which both posted robust financial results.
For further insights into AU:ALI stock, check out TipRanks’ Stock Analysis page.
