Fixed Income

30th November 2020 Melb & Syd | Details

The well-known fund manager has launched a series of low-cost ETFs which will help further its reach into the retail investor market.

Consider the process by which a security or investment is priced. Separately, if it has similar fundamental underpinnings to the core part of portfolio, typically listed equity.

When we saw this headline we assumed it was from one of Lazard’s global equity strategies across its $170 billion portfolio.

The figures show quite a confusing picture. According to the data, an unemployment rate of 7.4 per cent is the worst rate Australia has seen since November 1998 despite the addition of 210,000 jobs, which is a huge increase.

While more and more Australian investors get comfortable with investing overseas, it’s fair to assume that Latin America is not on most people’s map of the investable universe – “there be dragons,” as the old mariners used to say.

INBrief
Andrew Canobi – Franklin Templeton

INBrief
Andrew Canobi – Franklin Templeton

Australia, like the rest of the developed world, is on the verge of the largest intergenerational wealth transfer in history. It’s estimated more than $3 trillion will change hands over the next 10 to 20 years as the Baby Boomer generation pass on their wealth to others.

If you’ve seen the movie The Big Short you will remember Christian Bale’s quirky character Michael Burry – the manager of the Scion Capital hedge fund who realises the US mortgage-backed security market is a massive bubble. He goes on to make a fortune by betting on its crash.