PM Capital eyeing second fund

Fund manager PM Capital is hoping to raise $200m for its second listed investment company in the space of five months.

Fund manager PM Capital is hoping to raise $200 million for its second listed investment company in the space of five months, capitalising on what it says is strong local investor demand for international equity exposure.

A retail offering for the PM Capital Asian Opportunities Fund opens today following a broker roadshow that drew 500 financial advisers, raising hopes the fund will draw close to the top of its $50m-$200m offer range.

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