Asset Allocation

High-conviction alternatives manager, HMC Capital (ASX:HMC), has announced the launch of its new HMC Capital Partners Fund 1, which will seek to invest in private and public businesses with real-asset backing. The fund uses a high-conviction and scalable real asset strategy to target public and private companies that have real assets attached to them, and…

In a year shaped by geopolitical tensions, a pandemic, war, inflation and supply-chain disruptions, the number one threat perceived by the general public remains inflation. That’s according to McKinsey & Company’s Economic Conditions Outlook June 2022 survey, which found that inflation topped the list of perceived economic hazards in respondents’ home countries, while geopolitical conflicts…

Morgan Stanley have released their note covering the 2022 Midyear Economic Outlook. Most major economies, including the U.S., Europe, the United Kingdom and China, are each tracking toward GDP growth that will be half that of 2021. On the downside, Russia is estimated to decline by 12% in 2022 in regard to GDP. It will…

While several weeks ago now, the threat of 75 basis point hikes is no longer in the future, it has and will likely happen more than once in 2022. Essentially, the Federal Reserve and other central banks, including the RBA, are tiptoeing the line of fighting inflation without sending the economy into recession. This was…

New research from BCA Consulting predicts Australian equities will outperform global equities over the next 10 to 15 years. The research house expects a global portfolio of 50 per cent equities, 30 per cent bonds, and 20 per cent alternatives to return 5.0 per cent a year in nominal terms over the next decade, lifting…

Charlie Jamieson, co-founder and chief investment officer at Jamieson Coote Bonds (JCB)spoke recently at Praemium’s  Key Market Drivers event, blaming much of the market under-performance of 2022 on fixed-interest markets. And it makes sense. Bonds and interest rates were at the forefront of some of the big pivots in market sentiment, especially after the very…

As quickly as the world came out of the pandemic, it was faced with yet another black swan event that caused markets to capitulate, and left supply chains in disarray. The fallout from the war in Ukraine is causing a food, commodity and fuel crisis which has given way to higher prices and a sharp…

“Recession? Who knows? We’re not bearish, especially with our value style of investing. It’s bit of war like scenario. After the war’s over, we get inflation and that’s what we’re in. It’s the transitory talk that is the problem. We think for various reasons, this inflation isn’t transitory,” says James Holt who spoke about investing…

Following the Reserve Bank of Australia’s decision to increase the cash rate by 50 basis point this month, the big banks have quickly raised interest rates on their mortgages, as well as interest rates on some savings accounts. But with a slowdown in the property market, their profits could be hurt. A slowing housing market…

China is a little ahead of the US in the current re-pricing of global equities. That, coupled with western geopolitical concerns, has presented a new round of opportunities. According to Alison Shimada, the lead portfolio manager (PM) for Allspring Global’s Total Equity Emerging Markets team, based in San Francisco, the China region stocks do not…

The chair of the Australian Prudential Regulation Authority (APRA), Wayne Byres, spoke at the recent AFR Banking Summit on the current state of the Australian financial system, addressing the various geopolitical thematics, economic headwinds and ongoing tensions at play. He also touched on housing, climate action and digitisation. The Australian banking system has undergone reforms…

Head of Australian Equities at T. Rowe Price, Randal Jenneke, has released a note to clients that conveys a somewhat cautious tone towards the Australian equity market. His concern stems from a lack of recognition in the local equity market of the aggressive monetary tightening cycle expected to play-out. With interest rates on the rise,…