Author

Giselle Roux

Giselle Roux

The price is right for commodities

High iron ore prices are unlikely to have escaped the attention of Australian investors given the inevitable BHP or RIO holdings. Commodities, in general, have left many other traded goods in their dust over the past twelve months. Lumber, pulp,

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What’s old is new again

The persistent era of disruptive services has its counterpart in companies considered ripe for extinction. History, however, suggests one should not be quite so fast in judging. The advent of affordable motor vehicles (and of course, other factors such as

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The stage is set for an evolution in trading

The attack on short sold stocks in the past week has caused a frenzy of comments on the participation of so-called retail investors. Where this will end up is anyone’s guess, but what is increasingly clear is that equity markets

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Private debt – the new growth sector

It is no longer hype to talk up the growth in private lending. While some metrics on its size are questionable, typically including nearly everything that is not in the public domain as well as lending that is well out

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Attending to your shorts

For entertainment value, and sometimes returns, little can match an activist short seller. Infamous Muddy Waters is the best example. It claims 19% per annum returns over the past five years, notwithstanding a decent bull market, 2.5% management cost, and

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Can equities still be rewarding in 2021?

In the final weeks of the year, there appear the inevitable reports on what eventuated in 2020, coupled with the near-universal view that 2021 is lining up as another risk-on whopper. Rates will remain range-bound, therefore we can bunker down

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Looking under the ETF bonnet

Machines and the Mind Around 70%-80% of equity market volume is driven by algorithmic trading. There are a host of actors in this process, from hedge funds, exchange-traded funds (ETFs) and commodity trading advisors (CTAs). It also includes fundamental investors

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Can analyst reports be relied upon?

Way back when it was possible to have relatively open conversations with company management and receive mostly unscripted responses. Nowadays the access is limited, and minders watch carefully for any possible deviation from the standard line. The politician response of

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Overvalued, undervalued or fair value?

Crystal balls and fortune cookies Is history an investment guide, the rhyme not repeat version? Those that offer advice on asset allocation rely heavily on past data to support their view of future returns. At its simplest there is mean

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What’s old is new again

The persistent era of disruptive services has its counterpart in companies considered ripe for extinction. History, however, suggests

More »

Attending to your shorts

For entertainment value, and sometimes returns, little can match an activist short seller. Infamous Muddy Waters is the

More »

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