Six key factors differentiate exceptional companies from their peers. These all add up to a business that generates exceptional returns for extended periods of time.

Kate Howitt | 0.25 CE

The fourth D confronting investors - the disruptions wrought by technological change. Cash cows, thoroughbred stocks and roll-ups are best placed in a world challenged by the four Ds.

Kate Howitt | 0.50 CE

A puzzle challenging economists and policymakers is the persistent increase in company profits as a share of GDP in recent decades. Is it an enduring phenomenon driven by an underlying secular trend?

Kate Howitt

The spotlight shone on the outlook for Australian equities in a 3-D world (deleveraging, demographics and (liquidity) damns - and the portfolio construction implications.

Kate Howitt