PM Capital does another listed fund
Thursday, April 17th 2014, 12:41PM
PM Capital is doing another listed investment company, this time an Asian Opportunities Fund.
Chief executive Chris Donohoe believes that opportunities to invest in Asia via the Australian Securities Exchange (ASX) are limited, although demand in the space is on the
rise.
“A reallocation to more exposure to Asian equities will allow investors to strengthen their portfolios with greater diversification and exposure to industries not well represented on the ASX.”
PM Capital says it takes a differentiated approach to investing in Asia. Most other offers rely heavily on the current macro-economic backdrop and are quasi-index focused, rather than following a fundamental bottom-up stock picking approach, Donohoe says.
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