CPD: Modern Monetary Theory, and why you’re still hearing a lot more about it

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Last month we published our take on one of the biggest economic discussions today – Modern Monetary Theory (MMT). Most of the public debate to date has centred around the role of government: that is, deficits, the causes of inflation, and implications for public policy. As we stated last month, however, MMT is extremely detailed […]

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CPD: Modern Monetary Theory, and why you’re about to hear a lot more about it

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If you’re paying attention to US politics, you may be aware of an emerging new[i] economic theory supported by many US Democrats, including Congress ‘freshman’ Alexandria Ocasio-Cortez. This economic framework is generally known as Modern Monetary Theory, or MMT. There have been a number of ‘hot takes’ from economists and journalists on the topic over […]

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CPD: The great unwind of the Federal Reserve’s balance sheet, and whether it actually matters

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Gyrations in equity markets over the past three months have been significant. After a -4.2% decline in December and -11% fall for the final quarter of 2018, global equities have recovered strongly, up 9.5% so far this year. Much of this volatility can be attributed to geopolitical concerns and trade, but focus on the Federal […]

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“Outstanding” SQM rating for Quay Global Investors

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SQM has upgraded Quay Global Investors, a Bennelong boutique, to its highest rating category of “Outstanding” (4½ stars). The rating indicates that SQM believes the Quay Global Real Estate Fund “most often outperforms its peers and benchmark” and that “management is extremely experienced and skilled and has access to significant resources”. SQM stated it considers the […]

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CPD: Will the US yield curve invert?

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And what will that tell us about the economy, equities and real estate? It’s been 10 years since the global financial crisis tore through markets in the months surrounding the collapse of Lehman Brothers in October 2008. While the tussle between the bulls and bears is always ongoing, in the time since it has been […]

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Interest rates may be set to fall: Quay Global Investors

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Contrary to the general consensus outlook, interest rates are probably set to fall as Australia’s household debt reaches an all-time high, according to principal and portfolio manager of Quay Global Investors, Chris Bedingfield. “As Australian household debt relative to income has steadily increased, there is now meaningful downside risk to the economy as the housing […]

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CPD: Retail and residential population growth – the impact of demographics on real estate

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Demographics really matter! The study of populations, how and where people move, is integral to real estate. Very little can stop the effect of demographics on the economy – it is the slow-moving beast that influences demand and thus resource allocation. At Quay, we keep a close eye on demographic changes across the world to […]

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Quay wins global property award

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Quay Global Investors has been awarded the 2018 Money Management/Lonsec Fund Manager of the Year Global Property Securities Award for its Quay Global Real Estate Fund. Quay was launched in May 2015 as a partnership with principals Justin Blaess and Chris Bedingfield and Bennelong Funds Management. Prior to this, the business operated as Quay Real […]

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The only way is up: high inflation a positive for listed real estate

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If inflation starts to rise around the world, as is currently predicted, it will be an overwhelmingly positive outcome for long-term real estate investors, according to a recent paper by global listed real estate investor Quay Global Investors, “Going up: what high inflation means for listed real estate”. “A common reaction to higher bond yields […]

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CPD: Going up – what high inflation means for listed real estate

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Markets were roiled in February as investors worried that higher wages will lead to accelerating inflation. Bond yields acted accordingly. So, if higher inflation was to return, how would real estate perform? New year, same news? The beginning of the calendar year brings with it the usual commentary: ‘interest rates will normalise’ and ‘the bond […]

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