Reflecting on a decade of investing in emerging markets, specialist asset manager Martin Currie succinctly summarised its experience by highlighting that “surprises are nothing new.” Such has been the rapid rate of change in the expansive world of less-developed economies that things rarely turn out as expected, but also, and arguably most importantly, the worst…
TRINAAA: ‘There really is no alternative at all’. What began as TINA, or “there is no alternative,” has expanded into TRINAAA. The term was coined to describe the unique situation in which investors from all around the world find themselves, as bond yields and fixed-income returns moved to zero, forcing risk-taking upon even 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…
What do investors really want? This is the question asked by Ninety One, an Anglo-South African asset management firm in its latest Planetary Pulse survey. The survey spoke with more than 6,000 individual investors across ten countries including the UK, Germany, Singapore and the US, to understand their views on the pressure of Net Zero…
Coalition Senator Andrew Bragg may have become a hero to digital asset and cryptocurrency enthusiasts in Australia and around the world. The release last week of the Senate Select Committee on Australia as a Technology and Financial Centre’s Final Report flagged a number of recommendations that will further the legitimacy of the burgeoning sector. The…
‘Inflation risk is real’. ‘Federal Reserve turns hawkish’. ‘Tapering to begin in November’. These were the headlines that followed Federal Open Market Committee (FOMC) member Randal Quarles’ speech at a conference last week. Yet the headlines once again highlight the risk of confirmation bias that afflicts even the most objective, professional investors. While the headlines…
Australia’s exchange-traded fund sector continued its stellar recent run, with record inflows of $2.9 billion in September 2021. Issuer BetaShares’ Australian ETF review report shows a sector of the market in strong health despite increasing volatility. Record inflows were just enough to see assets under management increase, albeit only slightly, for the month, but posted…
“We haven’t seen a secular bear market for nearly 40 years,” said Johnathan Ruffer, chairman of UK-based multi-asset manager Ruffer, in the firm’s third-quarter update. The outspoken contrarian delivered something of a warning for the cohort of “clever” economists, political journalists and hedge fund managers who think they can understand what is going on in…
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 one of the most capitalist comments that could be made. But the quote refers not to greed, but rather to the benefits of compounding returns. Franklin’s line has been encapsulated in the…
