ORAH A
PCL5020AU
ORAH A PCL5020AU Strategy
To achieve the Fund’s objective, Pengana, as investment manager of the Fund, seeks to identify a set of specialist Underlying Funds that possess varied investment styles and strategies. This diversification is expected to result in reduced volatility and more stable returns over time. Further, it is expected that their combination in the Fund’s portfolio will lead to superior risk-adjusted returns compared to the Benchmark over time than any Underlying Fund individually.
The investment objective & strategy is a summary of the investment's principal strategy as written in the prospectus. This information is pulled from the most recent product disclosure document.
Funds News & Analysis
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KiwiSaver Survey | December Quarter 2025
KiwiSaver assets increased, ending the quarter at close to NZD 145 billion rising almost $5b this quarter due to a combination of market returns across the board, and inflows.
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Listed Investment Companies monthly performance: December 2025
The Morningstar LIC monthly report provides a snapshot of ASX-listed LICs, and whether they are trading at a premium or a discount to their net tangible assets (NTA).
Morningstar Investment Ideas
Markets
Index | Last price | Change | % Change |
|---|---|---|---|
| All Ordinaries | 9,281.80 | 97.30 | 1.06% |
| CAC 40 | 8,340.07 | 12.19 | 0.15% |
| DAX 40 | 24,941.73 | 46.12 | -0.18% |
| Dow JONES (US) | 50,237.94 | 49.80 | 0.10% |
| FTSE 100 | 10,446.60 | 92.76 | 0.90% |
| HKSE | 27,266.38 | 83.23 | 0.31% |
| NASDAQ | 23,111.78 | 9.30 | 0.04% |
| Nikkei 225 | 57,650.54 | 1,286.60 | 2.28% |
| NZX 50 Index | 13,507.28 | 60.91 | 0.45% |
| S&P 500 | 6,955.58 | 13.77 | 0.20% |
| S&P/ASX 200 | 9,014.80 | 98.80 | 1.11% |
| SSE Composite Index | 4,131.98 | 3.61 | 0.09% |