An increasingly process-driven world..
Paul Moore, CIO at PM CAPITAL believes that “three quarters of so-called active managers are now ‘closet indexers’ in an investment world that has become increasingly process-driven”. Speaking at a lunch in Sydney yesterday, Moore further detailed that the high level of indexing and ETFs may be contributing to the recent period of volatility. Full article from Investor Daily 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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