Asset Allocation

The multi-asset perspective, covering trends across key asset classes and relative weightings between them.

Asset Allocation
Ned Bell

With the painful Q4 2018 drawdown and subsequent sharp YTD rally in global equity markets behind us, many investors are currently thinking – where to from here? The unfortunate reality is that we are in the very late stages of what has been an incredibly long bull market in equities. The... Show More

Expert Insights
Livewire Exclusive

In this exclusive video, Eileen Riley, Co-Portfolio Manager at US-based Loomis Sayles articulates the opportunity available for investors when “the pace of change globally is faster than it has been in any point in recent history.” As well as bringing significant risk, the accelerating changes are bringing significant opportunities, which are... Show More

Asset Allocation
Scott Haslem

Investors typically have on hand a long list of concerns arguing against investing in emerging markets. These concerns often centre on the ability to regather capital once invested, the extent of government intervention, the ranking of investors’ interests and rights, issues of corporate governance, as well as the inherent volatility... Show More

CIO Profiles
James Marlay

There is an amazing breadth of opportunity in global fixed income, with many investors not realizing the sheer volume of trading that takes place and the size of bond markets – even here in Australia. I sat down with Ben Alexander from Ardea Investment Management to discuss his ongoing fascination... Show More

Asset Allocation
Angela Ashton

On Tuesday the ABS released December quarter property price data revealing that established house prices across the nation's capitals fell by 5.5% throughout 2018, faster than any twelve month period - including during the GFC. Our wire in December (‘How far is housing from fair value?’) analysed a few different valuation... Show More

Asset Allocation
Tim Carleton

This is the question perplexing many market commentators. There is an adjustment occurring in the residential property market. Property prices nationwide peaked in late 2017 and have since fallen by 9%, bringing them back to mid-2016 levels. According to CoreLogic, property prices peaked in Sydney in July 2017 and have... Show More

Asset Allocation
Brad Matthews

Financial advisers and investors may have a tendency to shy away from taking an active approach to currency management due to the perception that currency movements are highly unpredictable. Whilst this may be true in the short term, the longer-term direction of currencies can often be reasonably predictable. Show More

CIO Profiles
James Marlay

In 2007, Simon Doyle found himself in a tricky situation, confronted by a room of agitated investors. The returns of his portfolio, whilst positive, had not kept up with the most popular hedge fund of the time. Just one year later that same group of investors welcomed him with back... Show More

Asset Allocation
Livewire Exclusive

Chris Watling from London-based Longview Economics has been a vocal bear for some time and recently called for an Australian recession. The real question now though is what can investors do with this information? We asked him and his responses were quite surprising. Chris, who also argues that the Fed... Show More

Asset Allocation
Tim Johnston

Fourth quarter 2018 saw the market essentially pricing in a recession via a strong risk-off sell down; economically sensitive (cyclical and financial) stocks were hit hard. In the case of financials, there were additional concerns due to negative sentiment associated with the Financial Services Royal Commission. Not surprising, expectations from... Show More

Asset Allocation
Livewire Exclusive

When investing in emerging companies, it’s the quality of the management team that matters above all else, says Jonathan Pearce, Portfolio Manager at the CVC Emerging Companies Fund. A great management team can turn an underperforming company around, but conversely, a bad management team can destroy a successful company. “Rightly or... Show More

Asset Allocation
Tony Sutton

We asked our portfolio managers to share their views on potential surprises for 2019 which on balance of probabilities are unlikely to happen but shouldn’t be written off entirely. Here are ten potential surprises for 2019. Show More