Macquarie Wrap adds the PM CAPITAL Emerging Asia Fund
The PM CAPITAL Emerging Asia Fund has been approved on the Macquarie Wrap menu making access to the Fund easier for advisers. The Fund is also available on Colonial FirstWrap.
The Fund takes a differentiated approach to investing in Asia, which is largely dominated by quasi-index funds rather than fundamental bottom-up stock pickers. This formula has seen the Fund deliver a total return1, since inception in 2008, of more than 190%, outstripping its benchmark2 by more than 170% and achieving a 12 month return after fees, as at 28 February 2014, of 42.4% (a 31.0% excess return compared to the associated Index, the MSCI Asia (ex-Japan)).
PM CAPITAL’s Head of Distribution, Rob Thompson said, “Advisers want a managed funds menu that suits their diverse client base. We feel this product provides an addition to the Macquarie Wrap offering, which will help meet demand for Australian-domiciled investments that capture growth opportunities in global markets.”
The Fund is ranked the number one Asian equity fund over its five year history by Morningstar for its peer category and was nominated in 2014 by Morningstar in the best undiscovered manager category.
PM CAPITAL’s approach to investing in the Asia Region (ex-Japan) is focused on the rapidly evolving economies in Asia, with a reduced reliance on fixed asset investment in favour of domestic consumption, driven by individuals and private enterprise.
Kevin Bertoli, the Portfolio Manager of the PM CAPITAL Emerging Asia Fund said, “Within the Asian Region (ex-Japan) we are finding genuine value in industries that are supported by rising domestic consumption levels or that are benefiting from changes to consumer consumption patterns. The evolution of over four billion consumers in the Region creates an enormous investment opportunity.”
About PM CAPITAL
PM CAPITAL is an Australian based specialist equity and income fund manager for private clients, financial advisers and institutional investors. The firm is wholly owned by its staff who are also substantial unitholders in the same funds offered to clients. It is focused on achieving absolute after-tax returns. Each fund holds concentrated number positions of intensely researched companies trading below their long term intrinsic value.