2012 was the year that predications of hard landings, double dips and financial catastrophes couldn’t stop the growth of the world’s major indices but despite growth predictions of between 2.5% and 3.5% for the global economy in 2013, investors will remain cautious according to CMC Markets in its annual global outlook. Michael McCarthy, CMC Market’s [...]
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Jan
2013
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Jan
2013
Fidelity Worldwide Investment has released the findings of its third annual “Analyst Survey” which highlights some of the long-term themes that are expected to shape the global economy and investment markets in the years ahead. The report explores the themes identified by more than 100 of Fidelity’s fixed income and equity research and fund management [...]
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Jan
2013
Survive and Win in the Inflationary Eighties by Howard J. Ruff was a truly disastrous book for anyone that followed its advice. At the time it would have been popular with an audience that had picked up the habit of tracking the price of pretty much everything on a weekly basis but its bad timing [...]
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Jan
2013
The ASX 200 Accumulation index – measuring total returns on shares – has lifted by almost 20 per cent over the past year. The index is 12.2 per cent from record highs. Consumer Staples, Utilities and HealthCare indexes hit record highs yesterday. What does it all mean? Traditionally, when investors have wanted to know how [...]
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Jan
2013
Global asset manager, Russell Investments has released its 2013 risk versus return analysis, showing a very strong recovery of growth assets over 2012. The risk vs. return analysis is developed annually as a practical reference tool for advisers and investors, charting the annual returns of different asset classes over the last three decades. The analysis [...]
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Jan
2013
Principal Global Investors has released its Equity Market Recap which analyses global equity markets for the fourth quarter of 2012. The report finds that equities expanded nearly $0.8 trillion during the quarter and outperformed sovereign and investment grade bonds, commodities, real estate and most hedge funds. Providing an outlook for 2013, the report focuses on markets [...]
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Dec
2012
In his last CPD article for 2012, Ray Griffin explains why portfolio asset allocation models in the 20 teens should be substantially different to those of the 1990s and pre-GFC era. While he argues for change in portfolio allocations he also cites evidence of a key, unchanging, portfolio income fundamental. ‘Change my way of thinking’ [...]
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Dec
2012
Is investors’ love affair with Australian equities really over? Moderated by Andrew Main (Wealth Editor of The Australian), the investment managers from Bennelong’s boutiques discuss the issues and implications for Australian investors. The panelists were as follows: John Campbell (Avoca Investment Management) Paul Cuddy (Bennelong Australian Equity Partners) Mark Burgess (Kardinia Capital).
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Nov
2012
“It’s been clear for some time that the force driving markets this year has not been the macro backdrop but policy initiatives led by the authorities. “We shouldn’t be surprised by this, but over the last few years the economic environment has been so extreme, we’ve become used to it dominating market returns and outcomes. [...]
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Nov
2012
In our industry, a fund manager caught holding large proportions of cash in his portfolio invariably invites a tough line of questioning regarding his fees: “How could you justify charging a 1% MER for holding 10% in cash for the past 6 months?” or “Are you not paid to pick stocks?” or again “Are you [...]
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