When banks are better than beer
Brewers and banks have historically played a significant role in PM Capital’s Global Companies Fund and Asian Companies Fund, and more recently the listed Global Opportunities Fund and Asian Opportunities Fund.
Banks still feature prominently in the portfolios, but after almost 20 years global brewers have virtually disappeared. In this 5-minute video, PM Capital’s Chief Investment Officer Paul Moore and Portfolio Manager Kevin Bertoli give an insight into how the PM Capital team decided brewers were no longer the anomaly they once were, but banks may still have room to grow earnings by 30%.
We aim to build long term wealth together with our co-investors by finding and exploiting investment anomalies around the world, using a focused, patient and considered approach to finding simple investment ideas.