Investment research house Zenith Investment Partners has upgraded its rating of the PM Capital Global Companies Fund from ‘Recommended’ to ‘Highly Recommended’.
The PM Capital Global Companies Fund (‘Fund’) is now only one of two out of 28 investment products in its Zenith category to be rated ‘Highly Recommended’.
The rating upgrade equates to Zenith giving the Fund a score of greater than 80 out of 100 across a combination of factors including: investment team; portfolio management; product structure; and PM Capital as an organisation.
In its Review, Zenith says the Fund’s high conviction and contrarian investment approach is differentiated, and that Zenith continues to rate the PM Capital Global Companies Fund team highly.
Zenith concludes: “As a result, the Fund is one of Zenith's preferred choices within the Zenith International Shares - Global Equities Long/ Short sector.
“Relative to Zenith's assigned benchmark and the RBA Cash Rate, the Fund has materially outperformed since inception.”
Zenith also highlighted the Fund’s after-tax return potential: “Holding all else equal, the Fund may be more appealing to investors who are high marginal tax rate payers as it will result in superior after-tax return outcomes.”
The Fund’s Portfolio Manager, Paul Moore, said: “Zenith has a detailed approach to its research so to be rated ‘Highly Recommended’ is an honour.
“We provide opportunities significantly different to those provided by the index and more traditional benchmark-aware global equity funds.”
The Fund is available on all major platforms. The ASX-listed PM Capital Global Opportunities Fund (ASX:PGF) also uses the global equities strategy utilised by the Fund.
This article reflects opinions as at the time of writing and may change. PM Capital may now or in the future deal in any security mentioned. It is not investment advice.
This communication is issued by PM Capital Limited (ABN 69 083 644 731, AFSL No. 230222) as responsible entity for the PM Capital Global Companies Fund (ARSN 092 434 618). It contains general information only and does not constitute financial product or investment advice intended to imply any recommendation or opinion about a financial product, and is subject to change without notice. It does not take into account the objectives, financial situation or needs of any investor that should be considered before investing. Investors should consider a copy of the current Product Disclosure Statement which is available from us, and seek their own financial advice prior to investing. The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned November 2019) referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product. Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at http://www.zenithpartners.com.au/RegulatoryGuidelines. Past performance is not an indication of future performance.