The March 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 update, Paul Moore, Chief Investment Officer and Portfolio Manager, discusses:
- The first US Federal rate raise since 2018
- How inflationary trends continue, reinforced by the war in Ukraine
- How PM Capital is positioned in energy stocks
"How it plays out short term, we do not know. But there is no change to our view that longer term, interest rates and inflation have inflected. Investors under-estimate how crowded they are in long duration assets and that the rotation into the so called 'value stocks' is still in its early days."
