It's been another strong quarter for equity returns, particularly in global markets
It's been another strong quarter for equity returns, particularly in global markets. Part of that has been the depreciation of the Australian dollar, which has finally cracked. But at the same time there was a lot of noise. In the month of October we saw a swing of 10% from top and bottom, a collapse in commodities prices and the situation in Russia and Ukraine. This just highlights why you just want to focus on the stocks and find businesses that you believe will give you a satisfactory return over the long haul and leave all the noise to the side. Watch full video here. (VIEW LINK)
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At PM Capital we are not afraid to be different, we search the world for undervalued stocks, we avoid the trap of “group think” and prioritise company valuation over all other aspects. Founded in 1998, PM Capital is part of the Regal Partners Limited stable of alternative asset managers and specialise in Global & Australian equities and Global Fixed Interest strategies. We believe the very best way to minimise investment risk is through understanding valuation, as such, we avoid companies who are hard to understand or difficult to value and are well known for our discipline in resisting short term market noise and ability to hold investments through full industry cycles.
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