PM Capital Global Companies Fund
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About this Fund
|FUND MANAGER||PM Capital|
|ASSET CLASS||GLOBAL EQUITIES|
|INVESTMENT STYLE||The Fund aims to create long term wealth through a concentrated portfolio of global companies.|
The Fund’s investment objective is to provide long term capital growth and outperform the greater of the MSCI World Net Total Return Index (AUD) or RBA cash rate over rolling seven year periods.
|CURRENCY MANAGEMENT||Active management|
|BENCHMARK||MSCI World Net Total Return Index (AUD)|
|FUND SIZE||MSCI World Net Total Return Index (AUD)|
|NO. OF HOLDINGS||25-45|
Benefits of investing in the PM Capital Global Companies Fund
The Fund may be appropriate for investors seeking capital appreciation over a seven plus year investment horizon.
|RISK LEVEL||High to Very High|
The Fund may be suitable for investors who seek to:
About the Fund
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.
The Fund's investment objective is to provide long term capital growth and outperform the greater of the MSCI World Net Total Return Index (AUD) or RBA cash rate over rolling seven year periods. The Fund is not intended to replicate the index, investing in a concentrated portfolio of predominantly undervalued equities and other global (including Australia) investment securities.
We aim to build long term wealth together with our co-investors by finding and exploiting investment anomalies around the world. Using a focused, patient and considered approach to finding simple investment ideas produces the best environment for creating that long term wealth.
Our experience has shown us that while the market is largely efficient, it can, and regularly does, misprice a small proportion of companies. This mispricing can arise as a result of any number of reasons, but is most often associated with disruptive or cyclical change, new information which is misunderstood by the market as having a permanent impact when it is in fact transitory, or just because they are operating in a sector out of favour with investors.
Our unique process is based on scanning the world for those companies (hence the radar in our logo), discovering the associated valuation anomalies and extracting value from them. We buy good businesses at a good price; businesses that we believe are being valued differently to their long term intrinsic value, but will return to their correct value over time.
How we invest your money
The Fund is a concentrated portfolio, with its listed equity component typically comprising 25 to 45 securities, when fully invested, across global equity markets.
The allowable assets include (but are not limited to)listed and unlisted global securities and other instruments, interest bearing debt securities, managed investment schemes, derivatives (both exchange traded and over the counter (OTC) - for example swaps, options, futures, forwards, credit derivatives/credit default swaps, etc), deposit products and cash.
Asset allocation ranges