Zero rates: The most interesting aspect of markets today

PM Capital

PM Capital

Paul Moore shares some observations following his recent visit to Europe. “In terms of zero rates in Europe - that, to me, is the most interesting aspect of markets today. What does it really mean when you can get 0% on a 10 year Swiss government bond? I don’t think anyone knows, we are all trying to work it out and the reality is you are going to have to re-write text books… You now have the crazy situation where there are negative yields in some of the markets… So it’s something we are all thinking about. All I can tell you is in that sort of environment the best thing to do is just focus on two things – yield and growth. If you look at the core of our portfolio, that is basically what we have been doing.” The full video covers our views on the current European economic recovery, where we see the Australian dollar moving from current levels and some observations on domestic bank valuations.

#t=367

PM Capital
PM Capital

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...

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment