With the National Australia Bank (ASX:NAB) delivering its results this week, it rounded out what has been a remarkable recovery for the Australian banking sector. Global consulting firm Ernst & Young (EY) this week released its annual update and analysis of what is one of the most important sectors of the domestic economy. It was…
“House prices could fall 20 per cent” read the headlines last week. Chris Joye, the founder of fixed-income manager Coolabah Capital, wasn’t seeking headlines, but rather being realistic in his latest piece. Having kept track of the entire cohort of mainstream economists for several years now, Joye continues to stand out as being the most…
Sustained strong performance has not caused complacency at global equity manager Munro Partners which this week announced the launch of a new ‘climate’ dedicated equity strategy. After successfully navigating the taper tantrum, Trump election and the pandemic, CIO Nick Griffin has identified what Munro believes is a $30 trillion opportunity and split its climate “area…
Few companies have dominated the popular zeitgeist like pay television streaming service Netflix. Similarly, few companies have been such a lightning for what is both good and bad about so-called growth stocks. According to market analysis, Netflix was the top performing stock in the S&P500 for the entirety of the 2010’s, delivering a return of…
Westpac (ASX:WBC) has been sold-off heavily this week after delivering an unexpected “shocker” of a result. Shares finished down 7 per cent on the day of reporting, despite the company reporting a doubling of profit to over $5 billion. Analysts and fund managers were clearly concerned about the various mis-steps of management over the last…
This may sound repetitive, but the opportunity in Big Tech has never been better. The US quarterly reporting season has all but confirmed that the most important companies in the world remain in robust health. That is, of course, with one small caveat; your definition of technology. The term Big Tech has come to encompass…
SMSFs have been at the centre of the superannuation arms race for several decades. As a financial adviser, I am regularly stuck in the middle of administration and combative nightmares. On the one hand, we meet many investors, both advised and un-advised, who have SMSFs in place, but clearly don’t have the time, interest or…
Despite a growing chorus of calls for a significant market correction, as is usually the case in October, nothing has been forthcoming during the most dreaded of months. In fact, it has been a story of the opposite, with US markets near all-time highs and massive flow of dividends and buybacks combined with zero term…
Both Magellan (ASX:MFG) and Platinum Asset Management (ASX:PTM) have been gaining plenty of unwanted attention lately. Both their hallmark strategies are suffering from periods of underperformance, the former due to a lack of cyclical exposure and the latter an ingrained value focus. It is somewhat interesting therefore that both are banking on China as being…
“Money makes money. And the money that money makes, makes money” – Benjamin Franklin To many, this quote likely stands out as being among the most capitalist comments that would appeal to a billionaire professional investor, managing over $100 billion for investors all around the world. Yet at the core of this quote is the…
