PM Capital Global Companies Fund
In uncertain global markets, capturing value and performance through traditional approaches is increasingly challenging. That’s why PM Capital has always taken a different approach. For more than 25 years, we’ve taken the road less travelled, intentionally avoiding the obvious paths and conventional strategies that others may follow.
With patience, discipline and determination, we go further and deeper to shine light into overlooked corners and find the potential that others may miss. With our radar always on, we aim to uncover global value through a concentrated portfolio unconstrained by sectors, regions, or market capitalisation.
Investing alongside our clients, we bring a disciplined, longer-term perspective to every decision as we build and manage a distinctive global portfolio. Our differentiated, high conviction approach has delivered outperformance relative to the MSCI World Index since inception.
As global markets shift, the PM Capital Global Companies Fund could provide the satellite opportunity your client portfolios have been missing. Discover how our differentiated and disciplined approach could help take your clients further with clarity and confidence.
As of 31 December 2025. Chart reflects Fund growth net of actual fees. Calculations are based on exit price with distributions reinvested, after ongoing fees and expenses but excluding individual tax. Fund Inception 28 October 1998. These figures represent past performance only. No guarantees exist of future returns above or below these figures. Past performance is no indication of future performance. Neither PM Capital Limited nor any other person makes any representation as to the future or success of, the rate of income or capital return from, recovery of money invested in, or income tax or other taxation consequences of, any investment in the Fund.
Global equities portfolio: December 2025 quarterly update
PM Capital co-portfolio managers Kevin Bertoli and John Whelan discuss portfolio performance and positioning for the year ahead. They cover key drivers including copper and gold, European banks, and new opportunities across industrials, US rail and healthcare as the portfolio looks ahead to 2026.
For more information on the Global Companies fund, book a meeting with one of our BDMs
The information contained on this page is general information only and is not intended to provide you with financial advice, and does not (and does not intend to) contain a recommendation or opinion which is intended to be investment advice or personal advice. If you require financial advice that takes into account your personal objectives, financial situation or needs, you should consult your licensed or authorised financial adviser.
