The December 2022 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 Paul Moore, Chief Investment Officer, and Portfolio Manager, discusses:
- How PM Capital navigated calendar year 2022 to produce stand out returns in what was a difficult market;
- The sectors that have provided the backbone of PM Capital's performance over the last three years;
- The importance of thinking long term, focussing on valuation, being patient and avoiding "groupthink".
“It’s worth nothing that our most recent returns are the result of a long-term framework that was put in place before and after the COVID-19 pandemic. This is the same process and philosophy that PM Capital has used for more than 20 years.”
December Managed Funds Quarterly Report
This Insight is issued by PM Capital Limited ABN 69 083 644 731 AFSL 230222 as responsible entity for the PM Capital Global Companies Fund (ARSN 092 434 618), the PM Capital Australian Companies Fund (ARSN 092 434 467), and the PM Capital Enhanced Yield Fund (ARSN 099 581 558), the "Funds". It contains summary information only to provide an insight into how we make our investment decisions. This information does not constitute advice or a recommendation, and is subject to change without notice. It does not take into account the objectives, financial situation or needs of any investor which should be considered before investing. Investors should consider the Target Market Determinations and the current Product Disclosure Statement (which are available from us), and obtain their own financial advice, prior to making an investment. The PDS explains how the Funds' Net Asset Value are calculated. Past performance is not a reliable guide to future performance and the capital and income of any investment may go down as well as up.
