BlackRock 2019 Asia Investment Outlook

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BlackRock investment professionals have set out their investment outlook for 2019 on the Asian equities and credit markets. The year 2019 could be this year’s mirror image when risk assets declined as many countries faced external headwinds amid a strong backdrop for earnings and economic growth globally. The Asia Pacific region leads the emerging world […]

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CPD: Investing for the long term – ‘future quality’ companies

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This paper discusses the belief that investing in ‘Future Quality’ companies will lead to outperformance over the long term. Drawing on academic evidence, it outlines the three fundamental concepts which underpin our definition of Future Quality investments Firstly, we look at value creation models within firms. This involves assessing the level of excess cash return […]

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CPD: Mobile adoption curve and 5G – a unique opportunity in global listed infrastructure investment

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Communications infrastructure, a sub-segment of the infrastructure asset class, is enjoying rapid growth driven by a huge expansion in data demand. For global listed infrastructure in particular, there is a unique opportunity to provide investor access to mobile wireless infrastructure companies across both developed and emerging markets. Their appeal comes from the strong infrastructure characteristics […]

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In the AI age, active managers making smart human decisions will win

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Summary One of the pleasures of getting older is that you start to have proper grown-up conversations with your children. Recently, one of my daughters started her first job, which was pleasing from her perspective and, for me, a clear improvement in the household finances! She commenced a role in investment management, and the chats […]

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CPD: Global themes in a tech driven world

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In a recent series of presentations to advisers in Australia, industry veteran Epoch’s CEO and co-CIO Bill Priest, discussed the new world order, in which bits replace atoms, tech is the new macro and companies need to evolve to stay relevant. Global businesses have arguably entered a period of unprecedented innovation and disruption, one where […]

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CPD: The many diversification benefits of global equities

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Most investors understand the basics of diversification, or at least understand the adage ‘don’t put all your eggs in one basket.’ However, many investors don’t understand the diversification benefits that arise from each and every asset class. Using global equities as an example, Perpetual explores the way an individual asset class can provide a range […]

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Why following the winner might make you a loser

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One of the most common investment strategies is to back last year’s winner. All too often investors pile into the best performing asset class of the last year in the hope that success will be repeated. But as the below table shows very rarely do asset classes consistently outperform and backing last year’s winner could […]

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CPD: The changing face of demographics and why economies should care

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Summary In 2011 a dramatic shift occurred throughout the developed world — working age populations began a multi-decade decline. Demographic shifts like this in an economy can have profound effects, including changes in growth and debt metrics. To understand these effects we will start by explaining the economic effects in simple terms, seek insights from […]

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Equity bull run leaves many over exposed and under-diversified

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The bull run in Australia’s equity markets has been a magnet to investors with an appetite for simple, cheap and passive investment products, but this approach has led many to ignore the opportunities that alternative assets can deliver, including consistent income and growth. Kyle Lidbury, Head of Investments Research of Perpetual Private, said that lack of accessibility […]

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Reporting season dominated by cost pressures and high P/E- What does this mean for investors?

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The current Australian reporting season has largely overlooked the fundamentals, instead rewarding stocks with high P/E ratios regardless of lackluster earnings, according to the active equity specialist Martin Currie, an affiliate of Legg Mason, one of the world’s largest funds management groups. Martin Currie Australia, Chief Investment Officer, Reece Birtles says that despite the positive economic backdrop, […]

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