PM Capital Emerging Asia Fund included on Macquarie Wrap
Fund manager PM Capital's Emerging Asia Fund has recorded another breakthrough, with its approval for inclusion on the Macquarie Wrap menu.
The fund manager announced the approval this week, noting that the fund was also available on Colonial FirstWrap.
PM Capital's head of distribution Rob Thompson said inclusion on the Macquarie Wrap menu would make the product more accessible to advisers.
"Advisers want a managed funds menu that suits their diverse client base. We feel this product provides an addition to the Macquarie Wrap offering, which will help meet demand for Australian-domiciled investments that capture growth opportunities in global markets," he said.
PM Capital's approach to investing in the Asia region (ex-Japan) is focused on the rapidly evolving economies in Asia, with a reduced reliance on fixed asset investment in favour of domestic consumption, driven by individuals and private enterprise.
PM Capital Emerging Asia Fund portfolio manager Kevin Bertoli said that within the Asian Region (ex-Japan) the team was finding genuine value in industries that were supported by rising domestic consumption levels or benefiting from changes to consumer consumption patterns.
"The evolution of over four billion consumers in the region creates an enormous investment opportunity," he said.
AUTHOR
Mike Taylor
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