European property – reviled and ready for a revival

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Specialist global equity and income fund manager, PM CAPITAL, believe that the property sector in Europe, namely Ireland and Spain, offers an attractive investment. John Whelan, Portfolio Manager at PM CAPITAL said, the European debt crisis triggered negative market sentiment and investors viewed the European market as toxic. “When a collapse in bank lending caused

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The tide is at a turning point

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When we look back over the last 12 months probably the most surprising aspect of the 2014 financial year is the fact that the status quo in markets has been maintained in terms of price action and money flows. Historically low government bonds and property yields, equity prices that continue to edge higher impervious to

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Lonsec upgrades PM CAPITAL’s Absolute Performance Fund to ‘Recommend’

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PM CAPITAL’s Absolute Performance Fund has returned to RECOMMENDED rating status following a review from leading research house Lonsec. Lonsec said its ratings upgrade reflects its increased confidence in PM Capital’s approach:  “Lonsec has been impressed the underlying consistency of the PM philosophy and the conviction of the investment views.” “The fund’s contrarian style often

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PM CAPITAL lists second global LIC on ASX

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Sydney-based specialist equity fund manager, PM CAPITAL, has  successfully listed its second listed investment company (LIC) on the ASX – the PM CAPITAL Asian Opportunities Fund Limited (ASX:PAF). PM CAPITAL has raised $225 million across two IPO’s since November 2013. The second IPO was targeted at investors looking for specific global exposure in the Asian

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Focus on strong investment strategy over single incidents crucial for long-term returns when investing offshore

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PM CAPITAL says holding your line likely to be the best long-range outcome PM CAPITAL has said that at times of geo-political or environmental disruption it is common for investors and markets to over-react and retreat from conviction positions or abandon a logical investment strategy. According to the Portfolio Manager of PM CAPITAL’s Emerging Asia

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Looking beyond the dragon: PM CAPITAL says Asian growth doesn’t stop with China

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Investment focus on domestic consumption in regional economies; Malaysia, Philippines, Singapore, Vietnam feature in ‘bottom up’ – not macro thematic – approach PM CAPITAL has said that the majority of the Australian equity market appears to be fully valued, and with the growth forecast in China likely to decline, investors need to look beyond the

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PM CAPITAL eyes ASX listing for Global Opportunities Fund

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Sydney-based specialist equity fund manager, PM CAPITAL, yesterday said that following strong demand from investors, it will launch a listed investment fund (LIC); the PM Capital Global Opportunities Fund Limited. CEO of PM CAPITAL, Chris Donohoe, said access to global shares is limited for investors wanting to access the market via the Australian Stock Exchange

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Shadow looms over Emerging Asia ETFs

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PM CAPITAL warns bumpy outlook in emerging economies to be intensified for ETF’s Sydney-based specialist equity fund manager, PM CAPITAL, yesterday warned that investment into Emerging Asia ETFs is a dangerous strategy because the instruments are heavily skewed to businesses that are at the mercy of the macro environment and dominated by questionable state-owned enterprises (SOEs). Kevin Bertoli, portfolio manager for the PM CAPITAL Emerging Asia

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PM Capital strengthens investment team with the key appointment of Australian Shares Manager

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Sydney-based specialist equity fund manager, PM CAPITAL, has enhanced its senior investment advisory team with the appointment of a new long-only, Australian Shares Manager, Simon Rutherfurd. With more than 22 years’ experience in funds management, Mr Rutherfurd’s career comprises senior roles at IAG Asset Management, Prudential Portfolio Managers Australia, ANZ Funds Management, BT Alex Brown

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PM Capital: Don’t bank on the Big Four for ongoing returns

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Australian banks are sound businesses, but according to PM Capital they are currently fully valued and do not offer the same growth opportunities as offshore financial stocks. Paul Moore, Chief Investment Officer of PM Capital, said that following their recent strong results, Australian banks are now trading on a hard to justify valuations and operational

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