US rate rise in December “pretty much a done deal”
Uday Cheruvu, Portfolio Manager at PM CAPITAL, thinks that it is almost a certainty that the Fed will raise rates this week, given Janet Yellen’s comments over recent weeks. However, he doesn’t think this should be viewed as a negative. “It tells us that the Fed is confident enough about the US economic recovery and the trajectory of the US economic growth to be able to do this”. He also points out that persistent low rates have caused borrowers to forget what it’s like to have real interest rates, which is not a good thing. Click here to see the full interview. (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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