China policy: short-term lift or long-term change?

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China’s recent policy easing measures, including rate cuts and relaxed housing restrictions, have sparked a notable shift in market sentiment and the outlook for Chinese assets, as highlighted in a... Read more continue reading

Super assets strike high at $3.94 trillion, official data shows RBA report points to relatively low defaults in private credit market

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Australia’s superannuation savings struck a record high in the June quarter of $3.94 trillion, more of which is being invested in private assets as superannuation funds seek to diversify their... Read more continue reading

To find the bust, you need to find the boom

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The capital cycle drives booms and busts Capitalistic economies allocate resources in accordance with utility. The private sector pulls capital from industries with falling societal value and return on capital... Read more continue reading

Be careful what you wish for from reporting season

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Company results and communications from the recent August 2024 reporting season echo the poor conditions experienced back in 2019, according to Chief Investment Officer at Franklin Templeton specialist investment manager... Read more continue reading

Powering the AI revolution: a superscale cleantech opportunity?

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The amount of electricity consumed by AI is forecast to exceed 85 terawatt hours annually within a couple of years, more than many small countries[1]. The latest whitepaper by Deirdre Cooper,... Read more continue reading

Australian quality small caps outperform amid volatile reporting season

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The recent ASX reporting season highlighted that small caps, in particular, have continued to face challenges in this sluggish economic environment where high interest rates are weighing heavily on many... Read more continue reading

China reaction

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Investors for a long time have not understood why China’s approach has been so “limp” and incremental response to its deep recession. The most likely reason for its incremental response... Read more continue reading

Australian Private Credit – is history about to repeat itself?

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Allocations to Australian private credit continue to grow, driving new borrowers, asset managers and investors into the market. While there may be a place for Australian private credit in some... Read more continue reading

Picture this: dislocation and distress in high-yield debt

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Ninety One’s Multi-Asset Credit team explains that historically expensive valuations coupled with elevated levels of distress mean the high-yield corporate debt market is an unattractive destination today. The team believes investors... Read more continue reading

Companies hoarding earnings raises shareholder value concerns

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Shareholders are increasingly concerned about companies becoming more conservative in their payout ratios and debt levels. According to data collated on S&P/ASX 200 companies, this current reporting season saw average... Read more continue reading