Around the Twist – Avoiding market distortions the key for investors in 2021

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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.”

 

About PM Capital

PM Capital Limited, founded in 1998 by its Chief Investment Officer and Chairman, Paul Moore, is a globally-focused fund manager that manages money on behalf of private clients, the clients of financial advisers and institutions. PM Capital’s goal is to build long term wealth by investing in global markets with patience and conviction. Based on 25 years of experience, PM Capital looks to achieve strong long term investment returns using an effective investment process and philosophy.

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