Pengana: Two sectors experiencing strong tailwinds

Livewire Exclusive

Livewire Markets

Steve Black of the Pengana Emerging Companies Fund says there are two sectors on the ASX that he’s well invested in and are experiencing strong tailwinds – telecommunications and tourism. Black says that companies such as Vocus and M2 have benefitted enormously from Telstra being “a little slow, distracted and inefficient” and will continue to benefit from the levelling of the playing field that’s likely to happen as the rollout of the NBN takes place. On the tourism front Black says the plunge of the Aussie dollar and the large influx of Chinese tourists are advancing the sector and cites three companies that are well placed to benefit from these trends.


Livewire Exclusive brings you exclusive content from a wide range of leading fund managers and investment professionals.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.