The S&P/ASX200 continued a recent strong run gaining another 1.1% on Wednesday with Commonwealth Bank (ASX: CBA) a key contributor. The financial and technology sector are seeing strong support as earnings season steps up another gear, they gained 2.6 and 4.2% respectively. In an about-face from recent weeks, the energy and material sectors underperformed after BHP (ASX: BHP) fell due to another warning…
The S&P/ASX200 recovered the ground lost on Monday, increasing 1.1% on Tuesday as the iron ore price showed no signs of slowing down. Having oscillated between a new commodity supercycle and a bear market, a resumption of steel production supported a 2.2% jump in the materials sector and 3.7% for BHP Group (ASX: BHP). Every other sector was higher barring technology, which fell…
The S&P/ASX200 managed a solid fightback during the session falling as much as 1% at the open but finishing down just 0.1% for the day. There were only three sectors higher, being energy, materials and technology gaining 1.6, 0.8 and 0.6% respectively, whilst the healthcare and real estate sectors both fell 1.3%. Among the largest drags on the market, today was ANZ Banking Group (ASX: ANZ)…
Leading investment bank JP Morgan recently released its 2022 Global Alternatives Outlook, which seeks to understand the key trends and risks facing investors over the next 12 to 18 months. Since 2020 the “alternative” assets have seen record capital flows, as advisers sought to add further diversification to portfolios and gain access to the advertised…
Speaking ahead of the Federal Reserve’s much anticipated announcement, Paul O’Connor, head of multi-asset at global manager Janus Henderson, highlights that there are many more risks on the horizon than interest rates alone. In terms of the adjustment that markets are making in light of a potentially higher discount rate, “it is far from obvious…
The 40/60, or balanced, portfolio has seen a growing stream of eulogies as “experts” the world over suggest it is broken. The reason, they surmise, is the diversification-based investment approach relying too much on long-duration assets, and the threat of interest rate hikes seeing bond and equity market correlation move to one. While there are…
The S&P/ASX200 looked beyond the sharp selloff in technology stocks overnight to post a 0.6% gain on Friday. The result was broad-based with almost every sector higher, with materials, energy and technology all finishing over 1% in the black. This came despite Meta’s massive selloff in the US session. Boral (ASX: BLD) shares fell 41.8%, representing the amount of the capital return and special…
The S&P/ASX200 fell throughout the day, finishing 0.1% lower with all eyes on the Morningstar Investment Conference. The technology sector carried most of the selling pressure, falling 5.9% in a single session, with utilities and materials the only sectors settling higher. Popular lithium miner Novonix (ASX: NVX) fell close to 15% despite any news on the company, with numerous other technology names not far behind. Xero…
If you only looked at the share prices of global equity managers GQG Partners (ASX:GQG) and Magellan Financial Group (ASX:MFG), you would be forgiven for thinking they were groups heading in very different directions. Yet the annual updates delivered by their high-profile chief investment officers, respectively Rajiv Jain and Hamish Douglass, highlighted a few similarities….
Platinum Asset Management’s latest quarterly update makes for difficult reading, with every fund excluding the Japan product underperforming the market over both the last three and 12 months. The story has been almost identical to that of Magellan, with both firms taking a “conservative” approach amid “overvalued” markets. Where Magellan (ASX: MFG) has erred on…
