Managers Corner
Fed Statement: Let the dots – and the dissents – do the talking
Going into yesterday's Federal Open Market Committee (FOMC) meeting, the question was in what way – or ways – the statement and the accompanying Summary of Economic Projections (SEP) would signal the committee’s conviction that it expects to hike rates later this year. In July, the Fed statement acknowledged that “near-term risks ...
Volatility creates opportunity
Overview The UK referendum on European Union membership has introduced political and economic uncertainty across Europe. It is unclear what the UK relationship with Europe will be in future, and when the eventual EU Brexit deal will be concluded. But uncertain times like this are very good for active managers. Volatility ...
The Fed: Silent on September
When Fed Chair Janet Yellen spoke in Cambridge, Mass. on 27 May, she outlined conditions to justify a rate hike: “The economy is continuing to improve … growth looks to be picking up,” she told a group of Harvard professors and alumni. “If that continues, and if the labor market continues ...
What does Brexit mean for Emerging Markets?
There are two main channels by which Brexit could impact emerging markets (EM): financial markets and economic activity. What impact should we expect from financial markets? So far, fears of financial market seizure seem to have been contained. Global safe-haven assets certainly benefitted in the aftermath of the vote (the US 10-year ...
Global matters: Will Brexit lead to Exitaliano?
The impending Brexit vote on European Union (EU) membership on 23 June 2016 will be a defining moment for Britain and Europe, and could have significant ramifications for global equity markets. Greg Goodsell, Global Equity Strategist at 4 Dimensions Infrastructure, examines whether Brexit may be a catalyst for further EU ...
Liquidity fears may prompt a market rethink
Liquidity continues to be an ongoing concern for fixed income participants and market regulators globally. Recent high profile failures of funds run by Third Avenue Management, Stone Lion Capital Partners and Lucidus Capital Partners sparked somewhat of a panic, at least in credit markets. The main cause of these failures ...Earn CPD Points
CPD: Fintech – Disruptor or saviour?The excitement over financial technology (fintech) innovation has escaped few in the investment community of late. Fintech venture capital (VC)...
CPD: Back to the future – are LICs the new growth story?The earliest Listed Investment Companies (LICs), Australian Foundation Investment Company (AFIC) and Argo, were launched in 1928 and 1946 respectively....
CPD: Young tiger stalks ageing dragonChina and India are the world’s two most populous nations by huge margins, with populations more than four times that...
CPD: The art and science of qualityQuality. As an investment term, it’s often touted, but not always well understood. Julian Beaumont of Bennelong Australian Equity Partners...
CPD: The four letter word that investors avoidInvestment risk can be defined as the probability that an investment’s actual return will differ from its expected return. While most people...
CPD: Beware the chase for yieldOut of fear they’d become the next Greece, western nations thought they must cut government spending. But it now seems...
CPD: 3% is the new 5% for the Australian cash rateOver the past five years, the Reserve Bank of Australia (RBA) has cut the cash rate from a high of...
