28 results found

Contrary to popular belief, western living standards have not declined in recent decades. Rather, government statistics failed to capture a key element of real GPD growth.

The tectonic plates of the political and economic landscape are rupturing. Brace yourselves for a wild and entertaining ride...

Jonathan Pain | 1 comment | 0.25 CE

US-China relations under President Donald Trump will be turbulent. This will be testing for an economically interdependent region.

Linda Jakobson | 0.50 CE

Applying discipline, fact and data to the assembly of a portfolio leads to investment opportunities overlooked by many who pursue their 'feelings' rather than data.

Kerr Neilson | 0.25 CE

Markets have run hard in recent months on speculative exuberance. However, the critical question is will President Trump prove to be a tailwind, or a headwind for the global economy?

Vimal Gor | 0.25 CE

The tectonic plates of the political and economic landscape are rupturing. Brace yourselves for a wild and entertaining ride...

Jonathan Pain | 0.25 CE

Bond-sensitive stocks now form a record 60% of the ASX's market cap. Australian equity investors should hold a greater proportion in real-asset stocks and reduce exposure to artificially inflated financial stocks.

US-China relations under President Donald Trump will be turbulent. This will be testing for an economically interdependent region.

Linda Jakobson | 0.50 CE

As 2017 began, there was (once again) an air of optimism that interest rates are about to return to normal. This optimism dismisses the significant structural headwinds that are prevalent.

When positioning a multi-asset, portfolio for the medium-term, there are four fundamental decisions we must make now. They are, in some cases, interdependent.

Tim Farrelly | 0.25 CE

Money velocity is accelerating in the US and UK, as commercial banks rediscover their appetite for risk and the two economies continue to normalise. The shift has significant implications for asset allocators.

A-REITs may face headwinds over the next two years, but total returns will likely remain positive, before returning to a more normal level of 8% to 10% per annum.

There is a significant opportunity for actively managed Australian government bonds to continue to provide positive returns, while protecting against the storms of uncertainty.

Charles Jamieson | 0.25 CE

Bond investors have enjoyed a multi-decade bull run in yields, fuelled by unsustainable post-GFC stimulus, but "the times they are a-changing".
It's time to rotate into loans!

Investors should focus on asymmetric opportunities with a margin of safety and multiple ways of winning. Developed Asia and Europe offer these in abundance.

Jacob Mitchell | 0.25 CE

The biggest portfolio risk in 2017 will be over confidence in assigning scenario probabilities. Don't confuse the winds of change with "hot air" when it comes to portfolio construction.

Robert Mead | 0.25 CE

A large number of small, high conviction positions will lead to better outcomes for portfolios compared to a small number of large, high conviction positions.

Olivia Engel | 0.25 CE

For the foreseeable future, earnings of the infrastructure assets asset class, if defined in a disciplined manner, should continue to be reliable.

Partners Group's Charles Dallara, Lazard's Ron Temple, and Magellan's Hamish Douglass debate the winds of change sweeping through the global economy and equity markets.

Panel | 0.25 CE

Investors should question the assumption that inflation and interest rates will be "lower for longer" and instead consider that inflation could be whipped into a storm by trade, monetary and border policy.