This month Mitchell Sneddon, Analyst at InvestSMART sat down with Asian Equities Portfolio Manager Kevin Bertoli, to discuss the PM Capital Asian Opportunities Fund, ASX: PAF.
"Patient long-term shareholders of PM Capital’s Asian Opportunity Fund (PAF) are starting to be rewarded with the Asian-focused LIC achieving a total shareholder return of 26.7 per cent year-to-date.
With a long track record of outperformance in the region and investors’ China growth fears subsiding, the market has finally taken notice. When we first looked at PAF, almost two years ago to the day, it was trading at more than a 10 per cent discount to post-tax net tangible assets (NTA). Now it sits at less than 2 per cent."