Listed fund managers Janus Henderson (JHG) and Pendal (PDL) share plenty of similarities: they are both predominantly value-style managers, and they both offer funds spanning North America, UK/Europe and Australasia.
Investors are realising that without meaningful technology exposure, their portfolios are missing a major growth driver. However, the difficulty of picking individual stocks should not be under-estimated, with the innovations and business models of many tech stocks hard to grapple with.
The COVID-19 pandemic has begun to bite into the residential property market, with capital city dwelling values falling a cumulative 1.3% over the past two months – but this mild weakening could be just the start of a double-digit decline.
Tim Toohey from Yarra Capital Management speaks to Giselle Roux from The Inside Network for our IN60 series.
INBrief
Henrik Andersson – Apollo Capital
The days of thinking wholly in terms of traditional asset classes when it comes to portfolio construction may have been numbered for some time; in Australia, the Future Fund’s statement of investment policies, when it started its investing life in July 2007, was perhaps the first sign that there could be a new way of thinking, with the usual categories of equities and debt securities subordinated to a distinction between “tangible” assets (defined as property, infrastructure and utilities, in listed or unlisted form); “alternative” assets, considered to include a range of risk premiums (for example, commodities and futures and insurance-based strategies); and skill-based absolute-return investments, or “intangible” assets.
When brand-new boutique investment house Federation Asset Management was introduced to “virtual” parcel delivery service Sendle, in 2018, it was a meeting of minds.
If anyone was thinking that recovery from the Covid-19 economic downturn would be quick and perfectly V-shaped, Qantas certainly had news for them, with its commentary around its recovery plan and $1.9 billion capital raising. “It will take years before international flying returns to what it was,” said CEO Alan Joyce. Qantas foresees flying to only…
The listing on the ASX this month of the Magellan Group’s Airlie Australian Share Fund as the first “Quoted Fund” – the first dual unlisted unit trust and active exchange-traded fund (ETF) structure in one listed unit – has been cited as a game-changer in many respects, with the primary emphasis being on its benefit…
One of the bugbears of the Australian capital market has been that the country has struggled to develop a meaningful corporate bond market: we’ve really only had one for five years, and the non-financial side of it is still pretty small, at about $50 billion. But like many things that Australia wants, or need, we…
