The June 2019 Quarterly Report and video update below provides the latest information on the performance of PM Capital's portfolios, investment activity and market outlook.
In this video update, Paul Moore, Chief Investment Officer and Portfolio Manager, Global Strategies, discusses:
- Why the 2019 financial year was such a year of extremes for markets
- How record low yields are driving record valuation disparities
- The 'Great Race' to zero interest rates, economic torpor, and record market highs
"One could sell Apple and Disney and use the cash to buy all of the companies in the German index. It simply highlights how stretched valuations are in both directions."
