Value investing can benefit from low interest rate environment

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The last 20 years have seen global fund managers who favour growth style investing outperform their value counterparts. A key driver of this outperformance has been the falling interest rate environment as growth stocks are more sensitive to interest rate movements. This has seen them benefit more from the recent decline in global interest rates. […]

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Zenith sector review: international shares – emerging markets and Asian equities

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Do investors gain emerging market exposures indirectly through Australian equities? What is the optimal emerging market exposure for an international equities portfolio? These are the questions Zenith seeks to answer in our 2019 Emerging Market & Asian Equities Sector Report. Given the strong historical relationship between Australian and emerging market equities, investors have traditionally found […]

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When it comes to the active vs passive debate, we spend too much time asking the wrong question

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The active vs. passive debate is one of the most bitter and polarising debates in investment management. However, is this even the right question? And even if it was, what is the right answer? Zenith Investment Partners, in its latest sector review of Exchange Traded Products (ETPs), believes former Managing Director of Barclays Global Investors (BGI), […]

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Zenith Celebrates Excellence at the 2019 Fund Awards

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Zenith Investment Partners’ annual Fund awards took place last week at the Ivy Ballroom in Sydney. The awards recognised excellence in funds management across all major asset classes and disciplines, which is fundamental to raising the standards of funds management for the ultimate benefit of investors. Magellan Asset Management took out top honours as Fund […]

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Zenith initiates coverage of the Legg Mason Martin Currie Global Long-Term Unconstrained Fund with a ‘Recommended’ rating

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The Legg Mason Martin Currie Global Long-Term Unconstrained Fund has received a ‘Recommended’ rating from Zenith Investment Partners. Launched in December 2015, the Fund is managed by the wholly owned Legg Mason affiliate Martin Currie and offers investors a concentrated, fundamental, quality growth styled international equities exposure. Zenith believes “The Fund is an attractive offering […]

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Zenith announces 2019 Fund Award Finalists

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Zenith Investment Partners is proud to announce the finalists for the 2019 Zenith Fund Awards. The Awards, now in their 8th year, recognise the top talent in the funds management industry across 22 categories and rely on Zenith’s independent insights and experience in assessing investment capabilities. Zenith’s Managing Partner David Wright believes the Awards provide an opportunity to honour […]

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Not all AREITs are created equally

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The 12 months to 31 May 2019 were positive for Australian Real Estate Investment Trusts (AREITs), with the S&P/ASX 300 AREIT Accumulation Index returning 14.3% and the FTSE EPRA/NAREIT Developed $A (Hedged) Index returning 10.6%. Despite this overall result, the last two years have proved challenging for many of Zenith’s rated active fund managers, particularly […]

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Equity duration: An oxymoron or an important portfolio exposure?

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Duration, despite being a common measure within the fixed income community, is a relatively foreign concept when it comes to equities. However, the latest research from Zenith Investment Partners shows that considering equity duration can be a powerful tool in constructing investment portfolios. Duration is the length of time required for cashflows from an asset […]

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Zenith Sector Review: Not even Marty McFly can avoid periods of drawdown

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Investors focused on short-term performance will no doubt be disappointed with the underperformance of the Australian Shares long/short sector. However, research by Zenith Investment Partners shows that it is very difficult to produce superior investment outcomes without periods of short-term relative underperformance. Take Marty McFly, every movie buff’s favourite time traveller. Even if he travelled […]

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Listed Infrastructure delivers during recent downturns

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Global Listed Infrastructure (GLI) funds have once again proved their defensive capabilities in the face of equity market volatility according to Zenith Investment Partners 2019 Infrastructure Sector Report. The sector delivered solid absolute performance for the year ended 30 April 2019, with the FTSE Global Core Infrastructure 50/50 $A (Hedged) Index returning 14.8%. Zenith’s Head […]

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