Deliver us from COVID but lead us not to inflation

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The outlook for global and Australian markets is positive, according to GSFM and its fund manager partners Munro Partners and Tribeca Investment Partners. They say markets are supported by easy monetary conditions, ongoing fiscal support and global economies which continue on a path towards normality as COVID-19 vaccines are rolled out and the lagged impacts

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CPD: The Pandemic accelerant – digital age business strategies

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The following article is an excerpt from a white paper written by two investment experts from Epoch Investment Partners: William W. Priest, CFA — Executive Chairman, Co-CIO and Portfolio Manager Kevin Hebner, PhD — Managing Director, Global Investment Strategist. This is the second part of a series examining the impacts of COVID-19 and how this

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CPD: Three strategies to avoid unintended concentration risk

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The Australian sharemarket is structurally prone to concentration risk and many Australian investors display a home bias in their investment portfolios. In this article, GSFM outlines the issues with concentration risk and provides three strategies to avoid it. Concentration risk can be defined as the risk of amplified losses that may occur from having a

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RBA eschews further monetary stimulus – where to now?

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Not surprisingly at yesterday’s Board meeting the RBA eschewed the application of any further monetary stimulus following the announcement of a comprehensive array of measures in November. However, it reiterated that the likelihood of an uneven recovery and a concern about ongoing high unemployment and associated subdued wage growth would mean that policy settings remain

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CPD: Global small caps – now is the time

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Many investors and advisers recognise that a diversified portfolio should include an allocation to equities across the market capitalisation spectrum. This allows investors to capture the “small-cap premium” which has shown persistence over medium and long-term investment horizons. In this article GSFM explains why it’s the right time to include global small caps in a

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US equity markets are close enough to historic highs. Are things really that good?

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Equity markets appear to have convinced themselves that a Biden Presidency with a Democratic House and a Republican Senate is a ‘goldilocks’ scenario. Certainly, encouraging news on the vaccine front has been important in the recent equity ebullience pushing negative news on a second wave of increasing magnitude into the background. But that second wave

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CPD: MMT – Free lunch or road to perdition?

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The following article is authored by two investment luminaries from Epoch Investment Partners: William W. Priest, CFA — Executive Chairman, Co-CIO and Portfolio Manager Kevin Hebner, PhD — Managing Director, Global Investment Strategist. The article explores modern monetary theory and whether it’s the saviour of the economy or a pathway to economic damnation. Proponents of

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Global small caps poised for strong returns in the wake of COVID-19

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Investors who eschew small caps are missing out on valuable opportunities – particularly in the current environment, says Damien McIntyre,  CEO, GSFM. “Periods of underperformance for global small caps do coincide with recessionary environments, but small caps historically go on to experience meaningful outperformance in economic recoveries,” Mr McIntyre says. “For instance between 2000 and 2006 small caps

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CPD: Growth in a post-COVID world

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Growth stocks have been on an upward trajectory for years, a trend that has accelerated due to the COVID-19 pandemic. In this article, GSFM shares insights from Munro Partners, global growth investment managers. While classifying stocks as either growth or value is a relatively simplistic view, it’s one that’s had particular relevance in the current

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CPD: From ‘atoms’ to ‘bits’: COVID-19 as an accelerant for the digitisation of the economy

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The last six months have been profoundly transformational, with the COVID-19 shock acting as an accelerant for the digitisation of the economy. This radical transition is especially advantageous for asset-light business models in the tech, health care and communications sectors. This article, from GSFM’s investment partner Epoch Investment Partners, outlines its firm conviction that “data

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