Brewers and banks have historically played a significant role in PM Capital’s Global Companies Fund and Asian Companies Fund, and more recently the listed Global Opportunities Fund and Asian Opportunities Fund.
Banks still feature prominently in the portfolios, but after almost 20 years global brewers have virtually disappeared. In this 5-minute video, PM Capital’s Chief Investment Officer Paul Moore and Portfolio Manager Kevin Bertoli give an insight into how the PM Capital team decided brewers were no longer the anomaly they once were, but banks may still have room to grow earnings by 30%.
