Bill Priest, CEO and co-CIO at New York-based Epoch Investment Partners, manager of the Grant Samuel Epoch Global Equity Shareholder Yield Funds, provides an update with two subjects — Epoch’s capital markets outlook and their view of the implications of Brexit; the latter is inextricably tied to the former. We analyse the potential impact of... Read more continue reading
18
Jul
2016
One small footnote to the Brexit controversy: It has invigorated my interest in Lord Mervyn King’s concept of radical uncertainty. As the former governor of the Bank of England laid out so eloquently at PIMCO’s investment forum in May and in his recent book The End of Alchemy, “radical uncertainty” refers to uncertainty so profound... Read more continue reading
18
Jul
2016
SQM Research, Australia’s most respected property investment research house, yesterday released a report into the likely housing market effects of The Labor Party’s proposal to change negative gearing. Key findings Yields to rise International comparisons, historical precedents and the effective grossed up yield benefit all indicate that acquisition rental yields are likely to rise between 90... Read more continue reading
22
Jun
2016
The latest ‘Economic Insights’ paper from Principal Global Investors’ Chief Global Economist, Bob Baur, and Senior Global Economist, Robin Anderson, concludes that the world economy is in the midst of a mild cyclical upturn. The authors predicted this upturn earlier this year, and say it follows on from the climax of the three negative trends... Read more continue reading
19
Apr
2016
Eighty-seven percent of Australia’s small and medium businesses now think the economy is either slowing (35%) or standing still (52%), while only 13 percent think it is growing, according to the latest Sensis Business Index (SBI) survey.[1] The net balance score of -22 is down five points this quarter and is the lowest score in 12 months.... Read more continue reading
08
Apr
2016
Financial markets have gone through seismic changes since the global financial crisis, including the passage and continued implementation of both Dodd-Frank and European Market Infrastructure Regulation. These new regulations, geared to increase financial stability and reduce systemic risk, have led to bank consolidation, lower leverage ratios and less use of derivatives and related financing. While regulators... Read more continue reading
01
Apr
2016
The 2016 Federal Budget is only a few months away. While tax reform is likely to be on the menu for Budget night, there are also other areas that are likely to be included, such as changes to retirement income streams. IOOF has foreshadowed what topics are likely to be included in the Budget – and... Read more continue reading
15
Mar
2016
The aftermath of the global financial and sovereign debt crises have left economies worldwide struggling to find their footing. After years of government intervention, such as Quantitative Easing (QE) programs, some regions have shown signs of growth, while others remain concerned about potential deflation and decline. Central banks are taking divergent paths, bond markets are... Read more continue reading
14
Mar
2016
The US economy has faced persistent fears of setbacks, but the recovery continues to move forward. Our proprietary liquidity indicator suggests that the economic cycle remains on solid ground and that GDP growth in 2016 will be faster than in 2015. About the Liquidity Flows Indicator The Bureau of Economic Analysis (BEA) designed the liquidity... Read more continue reading
26
Feb
2016
The use of low interest rates by central banks to help assist recovery is unlikely to have the desired effect, and may ultimately cause significant market disruption, says Chris Bedingfield, principal and portfolio manager at Quay Global Investors. “Much of the share market recovery since 2009 has been attributed to ‘easy money’ – including the... Read more continue reading
22
Feb
2016
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