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…
It was another strong day for the S&P/ASX200, overcoming negative sentiment around valuations and inflation to deliver another 1.2% gain. Almost every sector finished higher, with utilities the primary underperformer after Origin Energy (ASX: ORG) dropped 2.6%. The standout was energy once again, gaining 2.8% and materials, which finished 2.0% higher as investors flocked to both construction material providers, Boral (ASX: BLD)…
It was another positive day for the market, with the S&P/ASX200 gaining 0.5% after the Reserve Bank confirmed it would be taking no action on rates once again. Concerns about a slowdown in global growth have seen a recovery in the more rate-sensitive sectors of the market with technology and utilities leading the way again, gaining 2.6 and 2.4% respectively. Materials were…
The S&P/ASX200 wasn’t able to capitalise on the strong finish in the US on Friday, continuing to underperform the world’s largest market falling 0.2%. Financials were the biggest detractor falling 1.8% with the likes of Commonwealth Bank (ASX: CBA) and Macquarie (ASX: MQG) falling 2% each. The rally was squarely in the beaten-down technology and retailing sector, up 3.7 and 1.3% with Zip Co (ASX:…
