Stagflation is a key risk if US tariffs stay higher

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Inflation may become stickier and global economic growth could slow down if the US trade tariffs are imposed, but it is too early to tell whether the world will enter... Read more continue reading

Keep the poise, ignore the noise

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The global geopolitical and economic discourse has become confrontational. This creates uncertainty for investors. Sentiment is volatile. Away from the noise, net market returns are nothing special. The trade war,... Read more continue reading

CPD: A new global order and implications for investors

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The new global order differs from its predecessor in four ways, as outlined in the following article from GSFM’s investment partner TD Epoch. For decades, the US has been unrivalled... Read more continue reading

Interest rates to help AREIT growth but uncertainty for office property remains

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Potential for improved earnings growth among AREIT stocks is emerging as an additional boost to the sector following a second interest rate cut for the year, and while some office... Read more continue reading

CPD: US middle market private credit – the investment case

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In today’s rapidly shifting investment landscape, traditional sources of fixed income are struggling to meet the yield and diversification needs of investors. They are also becoming more closely correlated with... Read more continue reading

Sticking with the Rally

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It’s been a volatile period for equities. From record highs in mid-February, developed equity markets fell to within a whisker of a bear market by early April, only to recover... Read more continue reading

Labour and jobless data ‘canary in the gold mine’

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In the recent ‘Anatomy of a recession’ analysis Jeff Schulze, Director and Head of Economic and Market Strategy at ClearBridge Investments, noted that the probability of US consumer strength overpowering... Read more continue reading

Fears of US economic downturn are overdone

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Fears of an imminent US economic downturn are premature given government spending will remain consistent with last year’s levels or even higher. According to Chris Bedingfield, principal and portfolio manager,... Read more continue reading

Investors need to diversify private credit allocations beyond property

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With more than half of Australian total household wealth invested in property assets, investors need to think beyond real estate when it comes to private credit, according to Tanarra Credit... Read more continue reading

A slowing economy is a growing probability

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We believe economic pressures from tariffs, still-high interest rates and persistent above-target inflation will stall the US economy over the next several months. For these reasons, we put the odds... Read more continue reading