In search of the bottom in the Covid-19 crisis

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In this unprecedented time of high uncertainty from a sanitary and economic perspective, the different drivers at play are moving in different directions. These forces make the exercise of GDP forecasting quite tricky and not particularly helpful for the time being. Markets are leading the real economic cycle and therefore they will bottom before the […]

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Views on COVID-19 – mounting concerns around credit triggered a cascade of indiscriminate selling in equity markets

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“Investors began 2020 with high hopes for strengthening global growth, but soon expectations for returns were dashed by overextended valuations and pockets of geopolitical risk. They began to re-evaluate risk, preparing for elevated volatility and lower returns. In early February, worries quickly turned to COVID-19, and a vicious circle began forming on March 12, 2020. […]

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CPD: Picking winners

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During a recent national roadshow, Nick Griffin, CIO of Munro Partners, explained that when it comes to investing, there are always lots of losers and just a few winners. This article examines how the S-curve of a company or industry can help to identify winners. It also examines the sector likely to produce tomorrow’s winners […]

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Gold continues to provide security for investors

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Gold prices and safe haven assets have skyrocketed in the face of the global economic sell-off. ETF Securities argues that gold, specifically, still remains highly relevant for investors, despite the price rise. “Gold is one of the best-known hedges against financial market risk and as a result, soared to seven-year highs of $US1665/ounce on Monday,” […]

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Defensive assets centre stage in times of turmoil

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The current outbreak of a new virus, COVID-19, has understandably spooked markets, investors and governments. According to Nick Langley, Co-Founder and Senior Portfolio Manager at RARE Infrastructure, in any time of market turmoil it’s inevitable that investors and financial advisors turn to defensive strategies. He says: “Investors should prepare for negative events through a well-structured […]

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 Guilty until proven right: the making of a non-consensus investor

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Continued uncertainty within global markets are pushing investors to explore unconventional ways to generate returns while managing risk, according to Rupal J. Bhansali, Chief Investment Officer, International & Global Equities at Ariel Investments. Speaking at a Women in Super event in Sydney yesterday, the New York-based global equities specialist discussed an active approach that goes against […]

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CPD: The hunt for yield can lead to risky territories

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With interest rates hovering around historical lows globally, investor appetite for alternative income sources has markedly increased. In the current environment uncertainty is writ large; challenges come at investors from all angles – global and domestic, as well as longer term structural challenges. In this article, Damien McIntyre, CEO of GSFM Pty Ltd, discusses where […]

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Unconventional monetary policies – part 3: Lessons for investors from unconventional monetary policies – featuring high grade bonds

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Sovereign bonds have the potential to support investor returns during periods when countries pursue unconventional monetary policies. As lacklustre economic conditions persist around the world, large-scale, high-impact strategies such as zero interest rates and negative interest rates are being carefully considered by central banks across the world. They are likely to become increasingly mainstream and […]

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Volatility back on the table for 2020 following benign 2019: Schroders

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Investors shouldn’t be lulled into a false sense of security following a benign 2019, with volatility and risk premia likely to reassert themselves in 2020, says Simon Doyle, head of multi-asset at Schroder Investment Management Australia. “Central bank support, most notably the US Federal Reserve, made 2019 a better year than it had any right […]

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Unconventional monetary policies – part 2: Japan and Germany’s experience

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The Japanese and German approaches to unconventional monetary policies have not always produced the outcome central banks desired. Japan and Germany are two nations that have used unconventional monetary policies to stimulate economic growth, albeit for different reasons and under different circumstances. Here, the second article in a three-part series on unconventional monetary policies, we […]

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