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Managed Portfolios

We designed these portfolios for our own family & friends, we think you will like them too...

PCM Investment Portfolio Objectives:

  1. To generate attractive and consistent returns irrespective of the ups and downs the global economy might go through (i.e. targeting attractive positive returns over any two-year period).
  2. To preserve capital through resilient asset diversification and prudent investment management processes.

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Managed to maximise total returns in a conservative manner for the Australian investor (also suitable for Superannuation or SMSF Portfolios).

Key Documents:

  • Latest Quarterly Client Briefing & Portfolio Performance Updates:
    • Click Here (Q4 2020), with Video Presentation
    • Click Here (Q3 2020)
    • Click Here (Q2 2020)
    • Click Here (Q1 2020) - Video Presentation link
    • Click Here (Q4 2019)
    • Click Here (Q3 2019)
    • Click Here (Q2 2019)  ⇐Expanded Discussion of Portfolio Strategy
    • Click Here (Q1 2019)
    • Click Here (December 2018)
    • Click Here (September 2018)
    • Click Here (June 2018)
    • Click Here (March 2018)
    • Click Here (December 2017)
    • Click Here (September 2017)
    • Click Here (June 2017)
    • Click Here (March 2017)
    • Click Here (December 2016)
    • Click Here (September 2016)
    • Click Here (June 2016)
    • Click Here (March 2016)
    • Click Here (December 2015)
    • Click Here (September 2015)
    • Click Here (June 2015)

PCM's Investment Approach:

Please see our June 2019 Quarterly Client Letter for an expanded discussion of our Portfolio Management Strategy & Approach.

Click Here for samples of our research.

If you would like further information, please Contact Us.

About Our Portfolios:

  • GREAT INVESTMENT PERFORMANCE: Near 'Equity-like' absolute returns over the longer term with a capital preservation mandate and significantly less volatility. Targets consistently positive returns over any rolling two year period, well above term deposit interest rates. Compare our results (& the diversification we have) with your current portfolio.
  • GENUINELY ABSOLUTE RETURNS: zero correlation & zero beta to the equity market... a growing requirement for an ageing population.
  • LESS RISK: Take less risk than a typical share market investment portfolio (or a 60/40 Stock & Bonds portfolio)...
    • Significantly less volatility than the share market
    • Greater asset-class diversification
    • Returns generated whilst maintaining large cash holdings (30% allocation since inception)
    • No leverage, no derivatives, no exotic (or inverse) ETFs, no opacity.
  • LIQUID & SIMPLE: PCM’s Portfolios only using big, liquid, exchange traded investments (so it’s easy for you to convert some or all or your portfolio to cash in a timely manner if you wanted to).
  • TRANSPARENT: Full access to your investments at all times... totally transparent portfolios held in your name, whereby you can login online to view your holdings and their latest valuations 24 hours a day. SMA direct-securities structure.
  • DIRECT SECURITIES: PCM does not touch your money, but it is safeguarded by a platform with a responsible entity (ASIC regulated & licensed) and your investments are held transparently in your name by an independent Custodian (that is also regulated & licensed by ASIC). Direct securities also enables portability.
  • INCENTIVE ALIGNED: PCM designed these portfolios first and foremost as an investment solution for our own family and friends. As a result, our own family and friends will be invested just like you will be, meaning that at PCM we really do ‘eat our own cooking’.
  • MORE CONSISTENT RETURNS: Monthly returns are more consistently positive than conventionally constructed portfolios (such as a 60/40 Stock & Bonds portfolio)
  • COMMON SENSE APPROACH: Simple Investment Methodology that is easy to explain to Advisors and Retail investors. Common-sense, Intuitive, Robust. This provides a nice change from the highly complicated and opaque investment management world.
  • LOW COST ACTIVE MANAGEMENT: Active common-sense investment management decisions directed by PCM to help make sure your investment portfolio is well-positioned throughout the different stages in the cycle across various asset classes that may include: Shares, Bonds, Cash, Precious Metals, Commodities, Currencies, REITS and the like. The 2014 Ernst & Young Global Hedge Fund Survey found that the average expense ratio for absolute return hedge funds was 2.04% (excluding performance fees). PCM’s base fees for investment management vary from between 0.88% and 1.40% depending on the strategy selection (excluding platform costs that may be an additional 0.06% to 0.44% depending on account size).
  • LOW TURNOVER: PCM’s portfolios are low-touch (with a portfolio turnover of less than 23% p.a. since inception) meaning that the wholesale transaction costs are kept to a minimum. PCM receives no remuneration from transactions.
  • LIQUIDITY UNCONSTRAINED: The investment strategy underpinning the PCM Portfolios is as close to a ‘liquidity unconstrained’ strategy as you are likely to get, meaning that the effective FUM limits of the strategy are likely measured in the $trillions.
  • INFLATION & CURRENCY RISK AWARE: Some protection against currency and inflation risks
  • PLATFORM FLEXIBILITY: Although PCM has its preferred platform providers, we are willing to work with and execute through other platforms (subject to review/approval).
  • EASY, AUTOMATED ADMIN: the platform-based SMA solution enables 24 hour online access with comprehensive reporting & review capabilities that will meet any taxation or client reporting requirement... your accountant will love you come tax time!
  • SUPERANNUATION FRIENDLY: Whether you have as little as $25,000 in your personal superannuation account, or whether you have a substantial nest egg in a SMSF; PCM’s portfolios can be tailored to your circumstances. Alternatively, if you have money outside of super (like savings or a windfall from a property or business sale), PCM’s portfolios are highly useful to possibly help compound your savings at a higher risk-adjusted return than many other portfolio management services.
  • INFORMATIVE: PCM are able to provide an abundant amount of investment research both in client-friendly formats and in communications more suited to a professional audience. The Investment Team are highly available for regular workshops and briefings.

If you would like further information, please Contact Us.


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