MFF Capital Investments vs PM Capital Global Opportunities Fund shares
If you’re weighing up MFF Capital Investments (ASX: MFF) and PM Capital Global Opportunities Fund (ASX: PGF), you’re looking at two of the most prominent ASX-listed listed investment companies (LICs) specialising in international equities. These vehicles let Aussies invest globally without having to do all the heavy lifting themselves. But which is the better buy right now? Let’s size up what makes each stand out â and dive into the current numbers.
The case for MFF Capital Investments
MFF Capital Investments is a well-established LIC focused on providing investors with exposure to a diversified portfolio of international listed securities. MFF has traditionally been known for its disciplined, long-term approach to global blue-chip investing, often with a tilt to quality growth companies around the world.
Looking at the numbers, MFF currently sports a market cap of $3.17 billion, making it the larger of these two funds. Its reported dividend yield is 4.01%, which is fully franked â a nice draw for income-seeking investors. The dividend records show a consistent upward track, with the most recent interim and final payouts at $0.10 and $0.09 per share (both 100% franked) in 2026. That means plenty of tax-effective income is going back to shareholders.
What stands out is MFF’s strong franking credits, plus its reliability: over the past decade, dividends have risen steadily (with a one-off special dividend in 2020). However, 2026 has been negative for performance so far, with a year-to-date return of -5.09%.
The case for PM Capital Global Opportunities Fund
PM Capital Global Opportunities Fund is another major international LIC. PM Capital aims to build investor wealth by investing in a portfolio of global listed securities. The company is managed by PM Capital and has a track record dating back to 2013. PM Capital’s investment approach is long-term and focused on identifying opportunities abroad, from quality stalwarts to special situations.
PGF’s current market cap comes in at $1.95 billion, making it smaller than MFF, but still substantial in the LIC world. The headline yield is a little higher at 4.64%, with 100% franking as well. The most recent dividend was a $0.075 per share final (ex-date in September 2026), also fully franked. Like MFF, PGF has lifted its dividends regularly over the years, with a fairly steady growth curve since 2016.
What really leaps out, though, is performance: year-to-date, PGF is in the green at 3.92%, a sharp contrast to MFF’s negative result.
Valuation comparison
Here’s a side-by-side look at the most meaningful financial metrics available right now:
| Metric | MFF Capital Investments | Pm Capital Global Opportunities Fund |
|---|---|---|
| Market Cap | $3.17 billion | $1.95 billion |
| Dividend Yield | 4.01% (100% franked) | 4.64% (100% franked) |
| Year To Date Return | -5.1% | 3.9% |
Recent share price momentum
Comparing share price performance up to is 30 September 2026:
- As of 30 September 2026, Mff Capital Investments closed at $5.48 (having climbed 1.86% on the day).
- As of the same date, Pm Capital Global Opportunities Fund closed at $3.20 (down 0.93% for the day).
- Year to date, MFF shares are down 5.1%, while PGF shares are up 3.9%.
So PGF has clearly enjoyed more positive momentum in 2026 so far. Of course, LICs can trade at a premium or discount to their portfolio’s value, but that data wasn’t supplied here.
Which is the better buy?
With both funds offering global diversification, strong franking, and a rising dividend record, it really comes down to performance and yield, based on these numbers.
I’d lean toward PM Capital Global Opportunities Fund as the better buy in this matchup. Here’s why: PM Capital is offering a higher dividend yield (4.64% vs 4.01%), fully franked, and has managed a positive year-to-date return (+3.9%) while MFF has lost ground (-5.1%). Both have a robust history of dividend increases, but PM Capital’s shares are simply showing stronger recent momentum.
MFF’s larger market cap points to more scale, but for income and growth, the data slightly favours PM Capital right now. I haven’t considered underlying valuation (like P/E or discount to NTA) for this exercise, but based on performance and yield, my pick would be PM Capital Global Opportunities Fund at these levels.
The post MFF Capital vs PM Capital Global Opportunities: Which LIC is the better investment today? appeared first on The Motley Fool Australia.
Should you invest $1,000 in Mff Capital Investments right now?
Before you buy Mff Capital Investments shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Mff Capital Investments wasn’t one of them.
The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
* Returns as of 1 August 2026
.custom-cta-button p {
margin-bottom: 0 !important;
}
More reading
- 10 ASX shares with ex-dividend dates next week
- 2 great ASX dividend share buys for passive income in October
- How much is needed in superannuation to target a $10,000 monthly passive income?
- How much is needed in superannuation to target a $95,000 annual passive income?
- 3 for income: I’d buy these ASX shares for dividends today
Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Mff Capital Investments. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial draft. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.
