CPD: Back from the brink

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While the US is ‘back from the brink’ and markets have returned to positive territory in 2019, this cycle is well into its late innings. As discussed in this article from GSFM’s investment partner, Epoch Investment Partners, written by CEO and co-CIO Bill Priest, there are three reasons to maintain a cautious investment stance. The […]

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Why equities for income?

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Income is traditionally associated with term deposits and fixed income among more defensive assets, and with real estate and the traditional concept of high dividend shares among growth assets. In the last 20-years, there has been a fundamental change in the relationship between dividend yields and the cash rate, a proxy for short-term deposit rates (as shown below). The secular […]

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AFI bond managers strongly positioned to navigate unchartered territory

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In an environment where macroeconomic and geopolitical uncertainties have weighed heavily on investor sentiment, Australian Fixed Interest (AFI) bond managers have continued to demonstrate their resilience and produce strong risk-adjusted returns. For the 12 months to 30 April 2019, the median manager in Zenith’s AFI bonds sub-sector produced a net return of 7.2%, broadly keeping […]

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The nine most important things I have learned about investing over the past 35 years

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My nine most important lessons from investing over the past 35 years are that: there is always a cycle; the crowd gets it wrong at extremes; what you pay for an investment matters a lot; getting markets right is not as easy as you think; investment markets don’t learn; compound interest applied to investments is […]

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Pengana WHEB sustainable investing report shows positive impact of investments

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Pengana Capital Group Limited (ASX: PCG) has released the latest Pengana WHEB Sustainable Investing Impact Report ‘Prosperity with Purpose’, which quantifies the positive impact associated with investing in companies that are enabling and benefitting from the transition to a low carbon and more sustainable economy. WHEB Asset Management (‘WHEB’) (UK), a boutique investment house focused […]

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Australia one of the most resilient countries globally, Asia falters

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FM Global, one of the world’s largest commercial and industrial property insurance providers, has released the 2019 edition of the FM Global Resilience Index to help business decision makers across the globe make more informed strategic choices when it comes to their enterprise resilience. This year’s Index reveals Australia is ranked 17th overall out of […]

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CPD: Modern Monetary Theory, and why you’re still hearing a lot more about it

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Last month we published our take on one of the biggest economic discussions today – Modern Monetary Theory (MMT). Most of the public debate to date has centred around the role of government: that is, deficits, the causes of inflation, and implications for public policy. As we stated last month, however, MMT is extremely detailed […]

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From individual investors to institutions, investors are turning to ESG investing to marry performance with personal values

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Appetite for environmental, social and governance (ESG) strategies is on the rise, as investors increasingly recognise the opportunity to generate alpha through ESG, but for professional investors reporting and measurement remains one of the biggest obstacles, according to a survey released yesterday by Natixis Investment Managers. The Natixis ESG cross-survey report leverages data from four […]

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Diversifying portfolios – what are the alternatives: Bennelong

With economic uncertainty continuing to affect markets – both locally and internationally – investors are starting to hear a lot more about alternatives, but it’s not always clear what this means. Stuart Fechner, account director of research relationships at Bennelong Funds Management, says there isn’t one strict definition of what an alternative investment is, but […]

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Professional fund buyers favour active management to deliver on return targets despite market volatility and uncertainty

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The global survey of 200  fund buyers – responsible for selecting funds included on private bank, insurance, fund-of-fund and other retail platforms – found that more than eight in ten (82%) believe that their return assumptions for 2019 are realistically achievable, despite ongoing geopolitical and economic uncertainty and a persistent low return environment.  However, fund […]

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