Reece Birtles doesn’t see value investing as a relic. Far from it. The chief investment officer at Martin Currie Australia believes the strategy is not only relevant in today’s market — it’s poised for a resurgence.
A slowing economy has prompted S&P/ASX 200 companies to keep a lion’s share of their earnings by tightening shareholder distributions, with fund manager Martin Currie identifying the resources sector as a real cause for concern regarding future income.
Despite continuing strong economic data for Australia, markets have forecast significant earnings downgrades, and results have been mixed so far. But a main highlight – CBA’s record $10 billion profit – may not be enough to improve investors’ outlook on the banking sector.
The two fundies were among the major winners at the Australian Alternative Hedge Fund Awards in Sydney on Thursday night, with the event celebrating its 18th year in marking the best alternative managers in the country.
Shareholder activist groups are diverting company management’s time and energy towards narrow environmental and social causes. We explore why active ownership and purposeful engagement can achieve a better outcome for all stakeholders.
