PM Capital Global Opportunities Fund Ltd. (AU:PGF) has released an update.
PM Capital Global Opportunities Fund Ltd, a global equities fund with a fundamental, research-intensive approach, reported a strong total return of 331.0% since inception, outperforming the MSCI World Net Total Return Index. The fund’s portfolio, dominated by European and North American equities, is heavily weighted towards domestic banking in Europe and commodities, with a net invested equities position of 96%. Their recent performance benefited from European banking and housing investments, while exiting a less favorable short position in McDonald’s Corp.
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