Pengana International Equities Limited (ASX:PIA), revealed monthly performance for April and highlighted that April was a tumultuous period where due to COVID-19 the markets really collapsed, and going into April everyone would have thought that markets were going to be very feeble during the month.
However, April turned out to be extremely strong with the S&P 500 posting its strongest month since 1987, which was undoubtedly quite surprising.
Moreover, Pengana disclosed that the Company is looking to hold the businesses that are growing, have robust management teams, have fortress-like balance sheets and highly cash flow generative.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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