A new Listed Investment Company
PM Capital Wealth Focus has secured access to an allocation to the PM Capital Global Opportunities Fund IPO. Investors looking to apply for a broker firm allocation will need to contact us on 1300 559 869 by close of business Friday 15th November.
Allocations may still be available after this date but will be allocated on a first come first served basis.
PM Capital – Diversification from Australian equities
PM Capital has just announced the launch of a new Listed Investment Company (LIC), PM Capital Global Opportunities Fund. Aiming to raise a maximum of $200 Million, we view the fund as likely to have significant demand from investors looking to diversify their portfolio away from Australian equities.
Contrarian Investor and strong pedigree
PM Capital can be considered to have a bottom up stock picking bias and generally considered a contrarian investor with a long term view on market opportunities.
It’s our view that stock pickers are likely to outperform in what we expect to be volatile markets over the next few years. Chief Investment Officer, Paul Moore’s award winning history and investment performance demonstrates his ability for picking stocks.
Our only concern is the discount we often see LICs trading at. However, we note Platinum Capital (arguably PGF’s closest comparable) has typically traded at a significant premium. Furthermore we find some reassurance that PM Capital manages the same strategy within an unlisted vehicle which would lead us to believe that a significant discount is likely to be buoyed by the unlisted fund buying shares. With a free option to each share listed under the IPO, we feel this is an attractive proposition to investors.
Call us on 1300 559 869 to ask us to secure an allocation.
Broker firm offer – Our allocation through the broker firm offer means investors are more likely to achieve their desired allocation without risk of scaleback through the general offer.
Size of offer – The offer is to raise $200 Million, with the ability to raise less. The shares will be traded on the ASX.
International Equities – The recent slowdown in China’s demand for some commodities and many Australian companies trading at significant premiums to their global peers and with the prospect of a falling Australian dollar, the Manager believes that the outlook for global equity returns is attractive.
Free option – Each investor will receive a free option for each share subscribed to in the IPO.
Minimum investment – $10,000 (this is a Wealth Focus minimum)
Issue Price – $1.00 per share plus a free option
Find out more
If you would like further information on the PM Global Opportunities Fund Offer, please click on the links below:
Please call us on 1300 559 869 to ask us to secure an allocation.
Wealth Focus Pty Ltd
What do we get paid?
Wealth Focus will receive a payment of up to 1.25% plus GST of the amount invested.