Pendal Group

There were clear winners and losers in 2016/17, both at an asset class and investment-specific level. Share investments were the place to be but badly timing when to buy and sell could have resulted in very different outcomes. Trump, Brexit, Frexit, Nexit and no exit (in the case of Italy’s... Show More

Pendal Group

One of Samsung Electronics’ flagship products, the Galaxy Note 7 smartphone, has become infamous for its tendency to catch fire. Or as Reuters put it, “Samsung’s latest invention: a fireproof box for Note 7 return.” The company’s attempt to satisfy Note 7 owners has been poorly executed and the Note... Show More

Pendal Group

September was a reasonably volatile month as the markets had to digest key meetings from the ECB, BOJ & Fed and deal with a renewed focus on the viability of Deutsche Bank, after the US Department of Justice (DOJ) put forward their opening bid on the mortgage-securities cases fines. The... Show More

Pendal Group

The Federal Reserve managed to out-dove the markets yet again in September and now view interest rates as only ‘moderately accommodating’. Given how quickly their estimates of the neutral rate are falling they may well have completed the tightening cycle after only 1 hike. The clear message from the three... Show More

Pendal Group

Investment properties have been flavour of the decade for many investors, with house prices rising rapidly in cities like Sydney and Melbourne. But as this bull market flattens, it’s time to look at the number of alternative (and ‘tenant free’) ways to invest in property. In 2016, listed property stocks... Show More

Pendal Group

In September, Australia posted its highest Gross Domestic Product (GDP) growth numbers in over 4 years – but does this mean the Reserve Bank of Australia (RBA) has an interest rate hike in store? The answer lies partly in understanding the terms of trade and some other key factors that... Show More

Pendal Group

Clients and regular readers will be aware of our top-down, country-driven process, which seeks to identify the most attractive emerging equity markets. The growth outlook and market-level valuations are key components of our process, but so are the economic sustainability of growth and the political environment. It is these last... Show More

Pendal Group

Since 2011, the constant descent into deflation has benefitted assets that have interest rate exposure or directly benefit from falling inflation. This includes such assets as government bonds, credit securities, shares in industrial companies, property, and infrastructure. Assets that benefit from rising inflation include inflation-linked bonds, shares in resources companies,... Show More

Excellent little company. Have improved their disclosure and explanation of revenue which should assist their cause.

On A Microcap with a Big Future -