PM CAPITAL today announced that the PM CAPITAL Asian Companies Fund has received its inaugural ‘Recommended’ rating from the leading independent research house, Zenith Investment Partners.
PM CAPITAL’s CEO Ben Skilbeck said that the team at PM CAPITAL were delighted with Zenith’s recognition of the Asian Companies Fund.
“The fund’s portfolio manager Kevin Bertoli and the broader investment team have delivered outstanding returns since this fund’s inception in 2008 through a highly selective approach to investing in Asian businesses.
“Although the broader market tends to perceive Asia as a “region”, Bertoli and the team view Asia as a collective of disparate economic jurisdictions, which has enabled them to exploit numerous investment opportunities over the last seven years.
Skilbeck highlighted that the ‘Recommended’ rating was an important step in the life of the Fund along with the availability on leading platforms Macquarie Wrap and Colonial First Wrap.
“The Asian Companies Fund meets a large gap in the market for those investors looking for a selective approach to investing in Asia, as an alternative or compliment to a passive or index approach. “
He added “ The Fund’s annualised return since inception is more than double the relevant benchmark, after fees.”
“Since its inception the Fund’s annualised return is 18.5% pa, which is 2.37 times the benchmark, namely the MSCI AC Asia (ex-Japan) Index, of 7.8% .”
The Fund has a concentrated portfolio of between 15 to 35 stocks at any one time with individual positions not exceeding 10% of the portfolio’s net asset value.
Current stock holdings include:
51job Inc, the leading HR/ employment business in China (NASDAQ listed); Donaco Ltd, an ASX listed gaming business with casino’s in Vietnam and Cambodia; Zhaopin Ltd another online employment platform servicing the Chinese market, listed on the NYSE; Baidu Inc. the Chinese search engine (NASDAQ listed), and HSBC Holdings.
About PM CAPITAL
PM CAPITAL is an Australian based specialist global equity and income fund manager. The firm provides an opportunity for clients to invest alongside the investment team, in businesses that they believe are currently trading below their long-term intrinsic value, but will return to full value over time. It is focused on achieving long term absolute capital growth for investors in its equity funds.
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