The market’s current understanding of QE on supply and demand dynamics does not capture the true economic effects, says Chris Rands from Nikko AM. While the introduction of quantitative easing (QE) following the global financial crisis was an experiment in monetary policy, with no-one quite sure how it would play out, the unwinding of QE is […]
continue readingIntroduction 24 hours before the Reserve Bank of Australia (RBA) handed down its decision to cut rates 25 basis points, I was questioning whether the RBA would cut in June. Today, I’m questioning how many more times will they cut this year. There’s a first time for everything The RBA has now cut rates to […]
continue reading
05
Jul
2019
Nikko Asset Management Australia (Nikko AM) has appointed Linda Luo to the newly created role of credit analyst within its fixed income team. The appointment brings the number of members of the fixed income team in Australia to five permanent, full-time employees. Ms Luo will be based in Sydney and will report to John Sorrell, […]
continue reading
05
Jun
2019
Over the past five years, multiple forecasters have called the decline of Australian housing only to see prices continue moving from strength to strength. Indeed, some global investors are watching for a downturn as this could foreshadow a decline in other developed markets. In this article, we identify the fundamentals that have supported Australian housing […]
continue reading
09
Aug
2017
As commodity prices have risen, the Australian economy is set to benefit from these continuing gains. Over the next two quarters, this should provide positive economic outcomes, with the important question now being – can this last? Rising commodities and a stable AUD should see tradeables inflation return Tradeables inflation represents 40% of the Australian […]
continue reading
13
Apr
2017
Over the past five years, the Reserve Bank of Australia (RBA) has cut the cash rate from a high of 4.75% in 2011 to a low of 1.50% in August 2016. During this period, Australian households have borrowed increasingly large amounts of debt, which are being financed at lower and lower rates. One consequence of […]
continue reading
08
Aug
2016
Nikko Asset Management Australia’s fixed income team is continuing its effort to determine if credit spreads are close to the top. In this article, we focus on what is more important for credit spreads in the current environment: the fundamentals or central bank actions? Our research suggests that since 2010 the answer has been central […]
continue reading
09
May
2016
US corporate profits have been going sideways since 2013, with both domestic receipts (share of profits emanating from US) and foreign receipts (share of profits emanating from the rest of the world) struggling to make new highs. With the US Federal Reserve (Fed) likely to start an interest rate tightening cycle this year, it begs […]
continue reading
07
Sep
2015
Earn CPD Points
CPD: Estate planning – where there’s a Will there’s a wayOften, when people think of estate planning, they focus on the consequences following death. As a result, they often do ...
CPD: Beyond the conflict, we see solutionsIt has been 50 years since the start of what is locally called ‘The Troubles’—a civil war in Northern Ireland ...
CPD: Welcome aboard – the importance of nurturing new client relationships (Part two)In the first part of this series on client onboarding, Zurich Australia examined the reasons to develop and maintain a ...
CPD: Blitzscale and hope - unicorns, IPOs and the fear of repeating the late 1990sThe current hype about two-sided digital platforms, blitzscaling and winner-takes-most markets has fuelled a surge in IPO listings. It is ...
CPD: Welcome aboard – the importance of nurturing new client relationships (Part one)Client onboarding is all about making each new client front and centre in welcoming them to your practice. In this ...
0 comments