PM Capital fund comes ‘recommended’ by Zenith
Research house, Zenith Investment Partners, has given PM Capital's Asian Companies Fund a "recommended" rating after reviewing the fund.
PM Capital chief executive, Ben Skilbeck, said the rating reflected the work that portfolio manager, Kevin Bertoli, and his team have put into the fund since it was established seven years ago.
"The fund's portfolio manager Kevin Bertoli and the broader investment team have delivered outstanding returns since this fund's inception in 2008 through a highly selective approach to investing in Asian businesses," he said.
"Although the broader market tends to perceive Asia as a ‘region', Bertoli and the team view Asia as a collective of disparate economic jurisdictions, which has enabled them to exploit numerous investment opportunities over the last seven years.
"The Asian Companies Fund meets a large gap in the market for those investors looking for a selective approach to investing in Asia, as an alternative or compliment to a passive or index approach.
"The fund's annualised return since inception is more than double the relevant benchmark, after fees.
"Since its inception the Fund's annualised return is 18.5 per cent per annum, which is 2.37 times the benchmark, namely the MSCI AC Asia (ex-Japan) Index, of 7.8 per cent."
Recommended for you
Clime Investment Management has faced shareholder backlash around “unsatisfactory” financial results and is enacting cost reductions to return the business to profitability by Q1 2025.
Amid a growing appetite for alternatives, investment executives have shared questions advisers should consider when selecting a private markets product compared to their listed counterparts.
Chief executive Maria Lykouras is set to exit JBWere as the bank confirms it is “evolving” its operations for high-net-worth clients.
Bennelong Funds Management chief executive John Burke has told Money Management that the firm is seeking to invest in boutiques in two specific asset classes as it identifies gaps in its product range.
