PM Capital Global Opportunities Fund
|US bet paying off for Flutter Entertainment|
About this Fund
|FUND MANAGER||PM Capital|
|ASSET CLASS||LISTED INVESTMENT COMPANY|
|INVESTMENT STYLE||PGF invests in a concentrated portfolio of quality global companies.|
|INVESTMENT PROFILE||PGF aims to provide long term capital growth and outperform the greater of the Benchmark or RBA cash rate over rolling seven year periods.|
|CURRENCY MANAGEMENT||Active management|
|BENCHMARK||MSCI World Index (AUD)|
|FUND SIZE||MSCI World Index (AUD)|
|NO. OF HOLDINGS||25-45|
Benefits of investing in PGF
The Fund's process has been shown to be effective, based on a philosophy developed by Paul Moore, over 30 years. This has produced attractive long term capital growth.
We have an authentic investment process where our exposure to industry sectors, geographic regions or market capitalisation is determined solely by our conviction in the risk/ reward opportunities that we identify within portfolio guidelines. No conviction = no investment.
The Fund aims to create long term wealth for our co-investors by finding and exploiting investment anomalies around the world, wherever they are. We find opportunities where others may only see risks.
Our co-investors receive access to a unique subset of opportunities to which they would otherwise find difficult to access. The management team have significant investments in the Fund - they invest for and with you.
The Company may be suitable if you want:
About the Fund
The PM Capital Global Opportunities Fund Limited (ASX:PGF) provides investors with an opportunity to invest in global equities via an Australian Securities Exchange (ASX) listed investment company. The company began trading on the ASX on 12 December 2013.
Managed by PM Capital Limited, the aim is 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 Company'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 Company is not intended to replicate the index, investing in a concentrated portfolio of predominantly undervalued equities and other global (including Australia) investment securities.
How we invest your money
The Company's Portfolio will be a concentrated portfolio, with its listed equity component typically diversified across global equity markets (including Australian). All portfolio positions are to be subject to intensive research and peer group review.
The Company is to have a wide investment universe and will seek to invest capital wherever the Manager considers that the greatest risk reward opportunities exist.
The investment process will be bottom-up and research intensive and is to be used to identify both risk and opportunity.
Derivatives may be used for risk management purposes as well as to create new positions. The Company may also short sell securities the Manager believes will fall in value or to reduce risk around securities that the Manager feels are overvalued.
Leverage may be also used to enhance returns, for example, where corporate bond yields exceed borrowing costs.
The following investment guidelines apply to the Manager's implementation of the Company's investment strategy:
(Asset type and valuation: Allocation Range (as a percentage of the Portfolio's net asset value unless otherwise indicated) / Location)