Markets

Global fixed income manager PIMCO is launching its first ASX-listed Australian investment trust – The PIMCO Global Income Opportunities Trust (ASX:PMX). The fund aims to deliver regular income and attractive risk-adjusted returns by using PIMCO’s best income-generating ideas on a global sector basis. Here are some of the highlights from the fund: ASX Code –…

Following the Senate inquiry and recommendations into the crypto sector, Australia is fast on its way to becoming a leading digital innovation hub in the world, attracting overseas crypto and digital companies alike. This week, FTX, the world’s fastest-growing crypto exchange, announced plans to launch in Australia within weeks. 30-year-old founder Sam Bankman-Fried sank millions…

As the world emerges from the pandemic, economies around the world have re-opened, albeit with record levels of fiscal and monetary stimulus, higher production costs and a global supply chain that has been pushed to its limits. It’s no surprise that inflation expectations are the highest in almost a decade. Inflation should build steadily over…

Everybody loves a good story – investors particularly so. But sometimes a good story can lead to a crowded trade, or one that defies reality. “In finance, behaviour is driven by expectations of future returns, and expectations are often driven by stories, particularly during times of heightened uncertainty,” Charalee Hoelzl, investment manager at Ruffer Investment…

Since Covid-19, Australia’s relationship with China has all but soured, with trade relations between the two countries grinding to a halt, except for iron ore. And yes, a sad state of affairs indeed. Many Australian companies with business operations in or exporting to China were hit hard. But as the old adage goes, “as one…

Calastone’s latest Global Fund Flow Index, which tracks more than 500,000 buy and sell orders every month across platforms and managed funds, recently highlighted the challenge facing ESG-focused strategies. Despite seeing record inflows into ESG-focused funds in 2021, quadrupling the levels of 2021 to $3.0 billion, the data highlights that this remains only a small…

Inflation is set to rise on the back of higher oil and commodity prices, driven by supply concerns due to the conflict in Ukraine and the recent floods. This has caused pundits to shift their stance to become overly aggressive on rate expectations. However, portfolio manager Anthony Kirkham of Western Asset, a global active fixed-income…

Low-cost or “passive” investing has been touted as the biggest innovation in finance for the last several decades. The idea is simple, mastered by the likes of BlackRock and Vanguard: to replicate a major index, like the S&P500 or S&P/ASX200, and offer this to investors in a simple investment vehicle at the lowest cost possible….

Authors Chuck Royce, Chairman, Portfolio Manager, Royce Investment Partners Chris Clark, Chief Executive Officer, Co-Chief Investment Officer, Royce Investment Partners, Francis Gannon, Co-Chief Investment Officer, Managing Director, Royce Investment Partners, Royce Investment Partners 2021 was a year of decelerating optimism for many small-cap investors as performance momentum slowed as the weeks passed by between April…

Perennial Value Management, long known mainly for its “value” stock-picking prowess, is this week launching a new private growth ventures fund. The Perennial Private Ventures Fund will open to wholesale investors on 26 April 2022 and has already sounded out strong interest with cornerstone capital identified. The fund is targeting $200 million-plus from family offices,…

Managed futures and trend following strategies became highly popular following the Global Financial Crisis, with skilled manager able to harness the extreme levels of volatility to deliver strong returns. The idea is simple, buy assets that are going up, short assets that are going down. But the decade since has been an incredibly difficult period…

Leading Australian ethical and sustainable fund manager Australian Ethical this week offered its views on the fast-developing crisis in Ukraine. “The invasion of Ukraine is a shocking and frightening event, and we can only stand with solidarity and in awe of the resilience and determination of the people of Ukraine,” said the investment team, while…