Stability and Long Term Performance

Our goal is to create stable portfolios that preserve capital through different market conditions and outperform the Australian share market over long periods, and in a tax effective manner.

To achieve this we adopt a unique approach, investing for the long term in companies that hold strategic positions in superior growth industries.

Our philosophy is grounded in several core principals:

• Constructing portfolios that represent our best investment ideas, not reweighting exposures to the companies in a benchmark index

• Very attractive situations in the Australian market are limited at any given time, and investors' interests are best served by holding these exceptional opportunities rather than diversifying into mediocre companies

• Holding between 20 and 25 companies, affords investors good diversification characteristics and opportunities to outperform the broader market.

• Short term market fluctuations are impossible to predict reliably, however a long term approach focused on company fundamentals is predictable and produces superior returns.

• Tax effective investment management is an important consideration in managing money

PPM's Investment Strategy, outlines our long term thematic approach, while our IMA structure helps support this strategy.