Speakers:
Paul Moore: CIO, Chairman and founder of PM Capital and Paul Rickard, Switzer Super Report
Listed Investment Companies (LICs) that are trading at a discount to their Net Tangible Assets (NTA) can provide an attractive entry point for investors. In this video PM Capital's Chairman and Chief Investment Officer, Paul Moore, discusses the PM Capital Global Opportunities Fund Limited (ASX Code: PGF).
In particular, Paul discusses:
- The significant differences in theoretical returns that may be achieved by investing in LICs trading at a discount compared to when they are trading at a premium.
- Some of the investment themes being followed by PGF - including US alternative asset managers, and the emerging internet players throughout Asia.
- Why investing in long-term pricing anomalies becomes even more crucial when returns are low, and that investing in opportunities in the future are likely to be very different than in the past.
Thank you for watching.
Important Notice: This video has been prepared for the purposes of providing general information only and does not constitute an offer, invitation, solicitation or recommendation with respect to the purchase or sale of any securities in PGF. Nor does it constitute financial product or investment advice nor take into account your investment objectives, taxation situation, financial situation or needs. An investor must not act on the basis of any matter contained in this email in making an investment decision but must make their own assessment of PGF, and conduct their own investigations and analysis. See the ASX Company Announcements platform at www.asx.com.au for further information. Past performance is not a reliable indicator of future performance.
