Macquarie Wrap adds the PM Capital Emerging Asia Fund

The PM Capital Emerging Asia Fund has been approved on the Macquarie Wrap menu making access to the Fund easier for advisers. The Fund is also available on Colonial FirstWrap.

The Fund takes a differentiated approach to investing in Asia, which is largely dominated by quasi-index funds rather than fundamental bottom-up stock pickers. This formula has seen the Fund deliver a total return1, since inception in 2008, of more than 190 per cent, outstripping its benchmark2 by more than 170 per cent and achieving a 12 month return after fees, as at 28 February 2014, of 42.4 per cent (a 31.0 per cent excess return compared to the associated Index, the MSCI Asia (ex-Japan)).

PM Capital’s Head of Distribution, Rob Thompson said, “Advisers want a managed funds menu that suits their diverse client base. We feel this product provides an addition to the Macquarie Wrap offering, which will help meet demand for Australian-domiciled investments that capture growth opportunities in global markets.”

The Fund is ranked the number one Asian equity fund over its five year history by Morningstar for its peer category and was nominated in 2014 by Morningstar in the best undiscovered manager category.

PM Capital’s approach to investing in the Asia Region (ex-Japan) is focused on the rapidly evolving economies in Asia, with a reduced reliance on fixed asset investment in favour of domestic consumption, driven by individuals and private enterprise.

Kevin Bertoli, the Portfolio Manager of the PM Capital Emerging Asia Fund said, “Within the Asian Region (ex-Japan) we are finding genuine value in industries that are supported by rising domestic consumption levels or that are benefiting from changes to consumer consumption patterns. The evolution of over four billion consumers in the Region creates an enormous investment opportunity.”