Media release: PM Capital fund now available on Netwealth; strong performance across PM Capital products

The PM Capital Australian Companies Fund (‘Fund’) is now available on Netwealth platforms, giving its investors an innovative way to access the Australian equities market.

The Netwealth inclusion coincides with the Fund achieving an investment performance ranked number one out of 318 products in its sector for the year to 30 June 2017.

The Fund joins the other PM Capital products in providing investors with market-leading returns. Funds and/or mandates using PM Capital’s Global Equities investment strategy were not only ranked first among the peer group funds for the 1 year to June 2017, but also ranked number one over 3, 5, 7 and 8 years. The Asian Companies Fund’s performance was ranked first in its peer group since the date of its inception and the Enhanced Yield Fund was ranked number 2 in its sector for the year (1).

Portfolio Manager of the Australian Companies Fund, Uday Cheruvu, said: “We use a handpicked portfolio of 15-25 companies to create long term wealth. The Fund gives access to a unique portfolio of Australian equities with the ability to also obtain a small proportion of global exposure powered by domestic and international market insights. This means that the Fund provides opportunities in the Australian market significantly different to those provided by the index and more traditional benchmark aware Australian equity funds.”

The Australian Companies Fund has been added to Netwealth’s Wrap and Super public menu, joining the PM Capital Global Equities and Enhanced Yield Funds. It is already available on platforms including Macquarie Wrap and BT Wrap.

Founder and Chairman, Paul Moore, said: “Performance has been strong across the entire PM Capital product suite, including the Australian Companies Fund. I hope these kinds of results are seen as testament to our investment philosophy and process that we have and always will employ, irrespective of market circumstances.”

Since its inception, the Australian Companies Fund has produced total returns of 513.6%, compared with 282.6% for the benchmark S&P/ ASX 200 Accumulation Index. This has meant that $20,000 invested in the Fund at inception has now grown to $122,717 (end June), versus $76,519 if held in an index fund.

Mr. Cheruvu said: “The Australian equities market is highly concentrated, with more than half of the benchmark S&P/ ASX200 Accumulation Index in banks and resource-related companies. This makes it extremely difficult for managers to add value over the long term when they have to hold stocks that they may not like in order to remain close to the index.

“However, for us, if we don’t like a stock, we don’t invest in it. Our exposure to sectors and stocks is determined solely by our conviction in the risk/ reward opportunities that we identify within portfolio guidelines.”

PM Capital’s flagship product, the Global Companies Fund, has produced annualised returns 4.7% above the relevant benchmark since inception.




1. Source: Morningstar, as at 30 June 2017. This media release 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, Inception Date: 28 October 1998), PM Capital Asian Companies Fund (ARSN 130 588 439, Inception Date: 1 July 2008), PM Capital Australian Companies Fund (ARSN 092 434 467, Inception Date: 20 January 2000) and PM Capital Enhanced Yield Fund (ARSN 099 581 558, Inception Date: 1 March 2002). This information herein is subject to change without notice, does not constitute advice or a recommendation, and does not take into account the objectives, financial situation or needs of any investor which should be considered before investing. Investors should consider a copy of the current Product Disclosure Statement (‘PDS’) which is available from us, and seek their own financial advice prior to making a decision to invest. Past performance is not a reliable guide to future performance and the return of capital and income is not guaranteed. The Index for the Global Companies Fund is the MSCI World Net Total Return Index in Australian dollars, net dividends reinvested. The Index/Benchmark for the Asian Companies Fund is the MSCI AC Asia ex Japan Net Total Return Index in Australian dollars, net dividends reinvested. See for further information on the MSCI indices. The Index for the Australian Companies Fund is the S&P/ASX 200 Accumulation Index. See for further information. The Index for the Enhanced Yield Fund is the RBA Cash Rate. See for further information.