Around the Twist - Avoiding market distortions the key for investors in 2021
PUBLISHED
2021-01-18
Content
The December 2020 Quarterly Report and video update 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, Global Strategies, addresses:
- How the valuation shift towards value has only just begun
- Our approach to commodity stock holdings now, given some significant upward moves
- The outlook for the Australian Dollar
"There is always plenty to be uncertain about... What is not uncertain, in my mind, is the unwinding of the valuation dispersion between the value and the growth/ momentum sectors of the market will be the dominant feature of markets for some time."
Author
| Name | Paul Moore | Paul Moore is the founder and Chief Investment Officer of PM Capital. Paul began his career in 1985 as an industrial equity analyst. In 1986 he became Portfolio Manager of the BT Select Markets American Growth Fund, acknowledged as one of the sector's leading mutual fund performers. From 1994 to 1998 Paul assumed responsibility for the BT Split Trust and BT Select Markets International Trust, two of Australia's best performing global equities funds. During this period he was also Head of BT's Retail International Equity Group, which was awarded International Equity Manager of the Year in 1995 and 1996. Paul established PM Capital in 1998. |