The window is closing on a rare opportunity. PM Capital will today list the Global Opportunities Fund attracting over $170 million via IPO. Paul Moore, Chairman and CIO of PM Capital says the rationale for listing is simply to provide investors with an opportunity to get offshore during a once in 10 - 20 year situation with the currency. If you look a the local market it is 70% weighted to banks and resources, opportunities that are crowded out or in the case of resources past the sweet spot. The bottom line is the risk reward in Australia for equities is pretty skinny. The currency is at elevated levels, move offshore and take advantage of better risk/reward opportunities. Livewire asked Paul how long the currency window was open and if he was concerned about tapering. There are some candid responses including the catalysts required to deploy new capital. Livewire gives investors direct access to the stock ideas, research and exclusive insights of hundreds of Australia’s leading investment professionals. To access more exclusive market content and to receive the top three insights each day, register for FREE at http://www.livewiremarkets.com Disclaimer: The information contained in this presentation is general in nature and should not be relied upon. Before making any investment or planning decisions, you should consult a licensed professional who can advise you weather your decision is appropriate for you. Contributors to this show may have commercial or financial interests in the companies mentioned.
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Duration: 4m 30s
Rating: 3