Investment Manager Quarterly update
March 2017
It is our pleasure to provide you with the March 2017 Quarterly report and video update from our investment team for the listed investment companies PM Capital Global Opportunities Fund Limited (ASX: PGF) and PM Capital Asian Opportunities Fund Limited (ASX: PAF).
“Just as the general market perception under-estimated the sustainability of the US economic recovery, we suspect it has also underestimated the sustained improvement in Europe, and in particular Spain. The focus of our research trip this quarter has been to review the evolution of our property and banking related investments in Spain and Ireland and to continue our background research into a number of new opportunities that we have identified on our valuation radar screens.”
