Colonial First State - PM Capital Wholesale Absolute Performance
Note: Investment Objective and Investment Strategy details are copied from Fund Manager PDS or profile documents.
||Colonial First State - PM Capital Wholesale Absolute Performance
||Colonial First State - FirstChoice Wholesale Investments (show all funds)
||Global (inc Australia)
||To provide positive investment returns over a three-year plus investment
horizon by investing in a concentrated portfolio of undervalued equities
listed on global stock exchanges. The goal of the option is not to
replicate the standard industry benchmarks such as the MSCI and it is
likely to have varied outcomes from those of a traditional index
||The option invests in a focused portfolio with approximately 35 to 45
stock specific ideas diversified across global equity markets. The
investment process is built around the simple principle that the best way
to preserve and enhance your wealth over the longer term is to ‘buy a
good business at a good price’. If PM Capital cannot find attractive
equity investments, the option will hold cash until new opportunities
arise. If appropriate, the option may be 100% invested in cash. PM
Capital can use derivatives, such as options, and sell stocks short. The
primary use of derivatives and short selling is to reduce market risk in
situations where the manager believes certain stocks are overvalued.
The level of direct shorts will not be in excess of 20% of the portfolio.
Leverage may be used on what is judged by PM Capital as a prudent
basis up to a maximum of 20% of the net asset value of the option. The
portfolio is managed from an Australian investor’s perspective. Tax and
currency are important considerations in the daily management of the
option. PM Capital may elect to hedge up to 100% of the foreign currency
* Statistics exclude both first and current (incomplete) financial year
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* Statistics exclude both first and current (incomplete) quarter
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Performance data assumptions
Performance is calculated on an initial investment of $10,000 using entry price, with distributions reinvested using actual unit price. No tax or contribution fees have been deducted from the results. If your own investment was subject to contribution fees or if you did not reinvest distributions, your returns may be less than that shown. Your after-tax returns will also be less. Data is sourced directly from fund managers, but we offer no warranty as to the accuracy of the data, we suggest you verify the data from other sources before acting on the information on this site.
These charts show historical performance only and give no indication of future performance. This information is general in nature and does not take into account your personal circumstances, goals or investment objectives. You should assess whether the information is appropriate for you and consider talking to a financial adviser before making any investment decisions.
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