Modern Portfolio Theory and the Rise of Ratios in Portfolio Construction

From

Background Since their inception, financial markets have provided investors with the opportunity to increase their wealth. However, this is of course not always the case – at times, and without... Read more continue reading

RBA downgrades GDP, CPI predictions and will hold on rates

From

Market review Markets pushed back the US Federal Reserve’s first interest rate cut, amid consensus of a soft economic landing. This allowed most yields to trade around the recent ranges.... Read more continue reading

Australian small caps at inflection point this reporting season

From

Overall, the February reporting season was generally positive for Australian small caps, with the domestic economy remaining resilient, and many small cap company results beating market expectations, says Phillip Hudak... Read more continue reading

Driving thematics in the US

From

According to the US Department of Energy (2022), more than 70% of transmission and power transformers in the US energy infrastructure are over 25 years old. Increasing demand will require... Read more continue reading

When developed markets become emerging markets

From

Key takeaways Europe is experiencing challenges typical of emerging markets, including energy insecurity and increased government intervention, which threaten its long-term industrial and technological competitiveness European nationalisations, windfall taxes, and... Read more continue reading

Small cap private equity funds outperform large cap peers

From

According to new research from Schroders, private equity funds that invest into small and mid-cap companies perform better than their large cap peers, creating superior returns. “Any private equity fund... Read more continue reading

Have we found ourselves in a stock market bubble?

From

History does not repeat, but it rhymes. I was reminded of this truism recently when I compared the recent stock market performance of Nvidia with that of Cisco Systems in... Read more continue reading

Use quality to navigate rate cuts and a slowdown

From

The strength in the US economy, so far, keeps us confident that the Fed will not begin policy cuts before May-end, and the ECB would also remain vigilant on disinflation,... Read more continue reading

‘Relief rally’ skewing return expectations 

From

Financial markets are full of warnings about past performance not being an indicator of future performance.  But past precedent can be invaluable in preparing for the future, and history certainly... Read more continue reading

The investment case for private credit remains strong

From

Private credit offers investors an attractive opportunity to benefit from regular income, strong investor protections and low volatility, irrespective of the economic conditions that prevail during 2024. This article from... Read more continue reading