CPD: Neo-chartalists or neocharlatans? A dive into Modern Monetary Theory

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A small revolution is brewing in the world of macroeconomics. It’s an idea that counts a Democratic socialist presidential candidate and a hedge fund manager among its adherents. The economics team at Payden & Rygel, manager of GSFM’s Payden Global Income Opportunities Fund, write about Modern Monetary Theory, popularly known as MMT. The team breaks […]

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Markets sending contradictory signals: GSFM

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The investing landscape will remain uncertain for the remainder of 2019, with bond and equity markets seemingly sending contradictory signals, according to GSFM and its fund manager partners Munro Partners, Payden & Rygel and Tribeca Investment Partners. GSFM adviser, Stephen Miller, said that given heightened uncertainties,  investors need to keep diversification within portfolios front and […]

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CPD: Back from the brink

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While the US is ‘back from the brink’ and markets have returned to positive territory in 2019, this cycle is well into its late innings. As discussed in this article from GSFM’s investment partner, Epoch Investment Partners, written by CEO and co-CIO Bill Priest, there are three reasons to maintain a cautious investment stance. The […]

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CPD: 5G – connecting to new investment opportunities

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5G heralds a new era in telecommunications, one that’s focused on speed and software. It’s an area of interest for Munro Partners, one of GSFM’s investment partners and manager of the Munro Global Growth Fund. In this article, the benefits of 5G are examined and the investment thesis explored. Some commentators are heralding the arrival […]

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CPD: Battling deflation

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Policymakers are looking at the deflation endgame. In the last decade, we have been treated to a real-life demonstration of the possibilities of macro-economic policy that our parents’ generation would scarcely have believed. In this article, Man Group, one of GSFM’s investment partners, examines what’s left to policymakers to battle deflation. Growing up, we were […]

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GSFM and Cambridge announce strategic partnership

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GSFM and Canadian-based Cambridge Global Asset Management have formed a partnership, with GSFM distributing the Cambridge Global Smaller Companies fund in the Australian and New Zealand markets. The partnership will leverage Cambridge’s extensive investment management capabilities and GSFM’s substantial distribution network in the region. Toronto and Boston based Cambridge Global Asset Management was founded in […]

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Grant Samuel Funds Management rebrand

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Grant Samuel Funds Management has changed its name to GSFM as of 25 March 2019.  The change follows the acquisition by Canadian wealth management firm CI Financial Corp. of an 80 per cent stake previously held in the business by corporate advisory firm Grant Samuel and a number of executives, in November 2016. Damien McIntyre, CEO […]

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CPD: Economic outlook – cautiously constructive

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Late last month John Tobin, managing director and portfolio manager with Epoch Investment Partners, visited Australia. He came prepared to share Epoch’s macro outlook with financial advisers around the country, an outlook he summed up in two words – ‘cautiously constructive’. In this article, GSFM unpacks what this means and how advisers can best maintain […]

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CPD: Don’t worry, BBB happy – giving corporate leverage the sniff test

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Given bond ratings’ remarkable importance in securities markets today, the economics team at Payden & Rygel, manager of GSFM’s Payden Global Income Opportunities Fund, sat down to look at important changes in one segment of the US investment grade corporate bond market: BBBs. They didn’t know it at the time, but when bond issuers and […]

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CPD: Trump, Tech and Trade

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China 2025 is perceived as an existential threat to US commercial and technological leadership. This raises the risk that the Trump administration could conclude that its best response is to decouple much of the US supply chain from China. As discussed in this paper from Epoch Investment Partners, penned by CEO and co-CIO Bill Priest […]

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