PM Capital's Global Companies Fund has been awarded the 2018 Money Management/ Lonsec Fund Manager of the Year Award in the “Long/ Short” category.
The award is judged on “managers who have performed well against the benchmark within their category and have strong positive qualitative momentum, as assessed by [researcher] Lonsec.”
Paul Moore, PM Capital’s founder, first investor and Portfolio Manager of the Global Companies Fund since inception, said:
“The recognition we’ve received from Lonsec and Money Management is testament to the hard work that the team at PM Capital has put in and the returns they have generated for investors over both the long and short term. Congratulations to the team.
“Thanks to Lonsec and Money Management for the award – we’ll continue to use our high conviction and unconstrained investment style with the goal of producing attractive returns for investors."
Commenting on the win, Lonsec said:
“Paul Moore has been a mainstay of Australia’s funds management industry over three decades. Moore’s determined, longterm, contrarian perspective has rewarded patient and stoic unitholders."
As at 31 December 2017, PM Capital’s global strategy was the number one performer in its peer group over five, six, seven, eight and nine years.*
The Global Companies Fund aims to create long term wealth through a concentrated portfolio of 25-45 global companies that we believe are trading at prices different to their intrinsic values.
It aims to provide long term capital growth by a demonstrated, focused, patient and considered process.
“If we don’t have conviction that an investment will provide a reasonable rate of return, we don’t invest in it – period.
We have a small, focused team that only looks for the genuine anomalies in markets - no matter where they occur around the world.”
*Source: Morningstar Direct. As at 31/12/17. The Colonial First State FirstChoice (CFS FC) -PM Capital Global Companies Mandate ranked #1 of its 159-member peer group, the Australia OE Equity World Large Blend, over 5 years. The CFS Wholesale PM Capital Global Companies Mandate ranked #1 of its 155-member peer group, the Australia OE Equity World Large Blend, over 6,7,8 and 9 years respectively. © 2018 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice or ‘class service’ have been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Ltd, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. Refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/s/fsg.pdf . You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Our publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser. This release is issued by PM Capital Limited (AFSL No. 230222) as RE for the PM Capital Global Companies Fund (ARSN 092 434 618, Inception: 28 Oct 1998). The information herein may 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. Consider the PDS at www.pmcapital.com.au and seek financial advice prior to making a decision to invest. The return of capital is not guaranteed.