Shifting sands of value and growth - market moves reinforce our convictions


The December 2021 Quarterly Report and video update below provides the latest information on the performance of PM Capital's portfolios, investment activity and market outlook.

In this video update, Paul Moore, Chief Investment Officer and Portfolio Manager, Global Strategies, and John Whelan, Portfolio Manager for the Global Strategies, discuss:

  • The next major leg up in the growth to value rotation
  • How increasing rates are impacting expensive sectors of the market.
  • How the Omicron variant provided an opportunity to invest in Airbus

"With respect to markets, I think the most interesting aspect of the last quarter is the fact that despite record increases in daily COVID-19 cases, interest rates actually started to go up and there was another major leg up in the growth to value rotation."


December 2021 Quarterly Report