Pockets of opportunity provide good prospects for global bonds and equities

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The COVID-19 pandemic recovery remains non-linear across developed and emerging economies leading to a patchy outlook for bond and equity markets, but pockets of opportunity remain, according to GSFM and its fund manager partners Payden & Rygel, Munro Investment Partners and Redpoint Investment Management. Payden & Rygel director, Eric Souders, says the next phase in

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22 Jul 2021

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Lowe speech to Economic Society today following Tuesday RBA Board meeting. Pushing back against market pricing?   

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RBA Governor Lowe spoke yesterday to the Australian Economic Society yesterday on The Labour Market and Monetary Policy. Following in the wake of Tuesday’s RBA decision I expect the Governor to push back, albeit in a subtle manner, against market pricing of an increase in cash rate in 2022. Markets have priced a roughly 25bp

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09 Jul 2021

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CPD: The S-Curve and the emerging consumer

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Disruption and disintermediation are increasingly common themes across the global corporate landscape. This article from GSFM draws on thematics from its global growth investment partner, Munro Partners. Investors need access to global growth investments. New companies are disrupting or disintermediating established businesses in a range of sectors across the globe. Whether this disruption occurs in

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07 Jul 2021

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Markets dismiss regulation risks

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The US Federal Court decision to dismiss an anti-trust complaint against Facebook this week saw that company catapulted into the $1trillion market cap club (along with Apple, Amazon, Microsoft and Alphabet). That represents a dismissal of sorts by the market of regulation risk motivated by anti-trust measures designed to attack the perceived ‘oligopolistic privilege’ enjoyed

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02 Jul 2021

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Zenith upgrades Tribeca Alpha Plus Fund to ‘Recommended’ as funds under management approach $1 billion

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The Tribeca Alpha Plus Fund has been upgraded to a ‘Recommended’ rating from research house Zenith, as its funds under management approach the $1 billion mark. The fund, managed by Sydney-based Tribeca Investment Partners and distributed by GSFM, offers investors an actively managed long/ short investment approach to Australian equities. The ratings upgrade comes two years

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02 Jul 2021

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Sydney COVID outbreak signals only (very) marginal tweak from the RBA despite strong labour market

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Even before the Sydney COVID-19 outbreak the prospect for any major shift in policy from the Reserve Bank of Australia (RBA) was remote. A cautious US Federal Reserve (the Fed) and the Sydney COVID-19 outbreak mean that any changes announced on 6 July will be very much at the margin only. That is not a

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25 Jun 2021

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CPD: Trend following strategies and crisis alpha

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Trend following strategies capture upward and downward trends in traditional markets; this has made such strategies popular alternative investments for financial advisers looking for assets uncorrelated with equities, bonds and property. This article from GSFM – which distributes the Man AHL Alpha (AUD) strategy – examines trend following strategies, how they can provide alpha during

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15 Jun 2021

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Market commentary: Markets focussed on May CPI; Fed being given the benefit of the doubt

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1. Markets focussed on May CPI. Fed being given the benefit of the doubt but there is doubt! All eyes tonight on the May CPI report. The market expectation is for a ‘headline’ rise of 0.4% mom or 4.7% yoy and for the ‘core’ arise also of 0.4% mom or 3.4% yoy. Such an increase

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11 Jun 2021

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Are you experienced? (Apologies to Jimi Hendrix)

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While continuing to acknowledge a more positive outlook as far as growth and employment are concerned, the absence of any “lived experience” of price or wage inflation will likely see the RBA continue with the application of historically high levels of monetary accommodation, at least in the very near-term. More importantly, I expect the Governor

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01 Jun 2021

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Markets give the Fed the benefit of the doubt – but there is doubt

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The inflation scare on the back of April’s CPI ‘blowout’ appears to have abated somewhat. A concerted effort from key Federal Reserve speakers, who have sought to cast any inflation as “transitory”, appears to have worked, as bond yields have retreated from their highs and equity markets have ground out rallies. Fed Vice Chair Richard

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28 May 2021

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