Volatility returned to asset markets in September, with major global equity and credit markets retreating notably from their recent highs
Volatility returned to asset markets in September, with major global equity and credit markets retreating notably from their recent highs. The moves were largely in response to a multitude of weaker economic data releases both domestically and offshore, and continuing geopolitical concerns. Specifically, the fall in local markets and also the AUD were impacted by further falls in commodity prices, as well as the RBA indicating that it may look at some macro-prudential measures to cool the housing market.
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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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