Income Series 2019
John Sorrell

Australian residential mortgage-backed securities (RMBS) provide a source of highly rated assets with consistent income generation. Two questions immediately come to mind when looking at them: how risky are they and how they should be priced? As will be discussed, RMBS are often maligned as being riskier than facts would... Show More

Collections
Patrick Poke

While speculating on the future direction of interest rates, currencies, and monetary policy can generate great headlines, it often raises the question; ‘what does this mean for investors?’ Understanding the implications of the macro environment drives asset allocation decisions, which according to research by Robert Ibbotson and Paul Kaplan, accounts... Show More

Collections
Patrick Poke

For more than a year now, fears of a housing-led recession have been building in Australia. First, auction clearances fell in a hole, then house price declines, falling credit growth and building approvals, and finally, unemployment began to rise. A month ago, further falls seemed inevitable. Then Australian woke up... Show More

Investment Theme
Alex Cowie

ARK Invest has just published a great podcast with the one and only Elon Musk. Interviewed by Cathie Wood and Tasha Keeney, Elon set the scene by agreeing with their aggressive projections for EV sales to increase 20-fold in the next 5 years, which would represent about a third of... Show More

Investment Theme
Nikko Asset Management Australia

History is replete with examples of businesses and consumers ignoring or dismissing big ideas, particularly those associated with disruptive innovation. In 1876, for example, when Alexander Graham Bell was granted the official patent for the telephone, many businesses dismissed it as irrelevant or insignificant. Famously, Western Union took a pass... Show More

Expert Insights

Companies that will attain, and then sustain, very high returns on capital, have the ‘future quality’ that Will Low, Head of Global equities at Nikko Asset Management looks for. Here he discusses two highly successful Australian growth stocks, and a global stock that is a household name, through this lens. He... Show More

Expert Insights

Catherine Wood, CEO and CIO at ARK Investment Management (ARK), invests on the cutting edge of robotics, energy storage, next-generation internet and blockchain technology. However it is in the field of genomic sequencing that she tell us: “Something is happening that is more profound than I’ve ever experienced”. Key... Show More

Hi Bart, thank you for your comment and for listening to ARK's latest podcast with Elon Musk. Tesla remains one of their highest conviction stocks. ARK utilises an iterative top-down and bottom-up investment process that results in theme-based portfolios consisting of high conviction securities. During risk-off or high volatility periods, ARK opportunistically consolidates into its highest conviction securities (buy into price weakness) as opposed to some managers who off-load risk by diversifying their portfolios during these periods. If these securities subsequently appreciate in value and their position sizes increase above a specified percentage of a portfolio, they are trimmed to ensure compliance with client investment guidelines as part of the portfolio management process.

On In the driver's seat with Elon Musk -