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          <time datetime="2023-04-05T08:43:24+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">April 05, 2023 08:43</time>
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              What is direct lending, and why should you care?
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Direct lending has become the new found buzz word in private debt, but what exactly is direct lending, and what are its advantages? 
</div>

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        FC Capital
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            <a class="pre-header-sm lg:pre-header-md uppercase text-primary hover:underline" href="/categories/daily-report">Daily Report</a>

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          <time datetime="2023-04-05T08:40:20+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">April 05, 2023 08:40</time>
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              Gold breaks through US$2,000, US job openings hits 21-month low, ASX 200 to fall
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  Get up to date on overnight market activity and the big events for the day.
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              <span class="wire_title_component w-full block group-hover:underline"><span data-controller="logged-in-class" data-logged-in-class-logged-in-class-value="hidden"></span>Andrew Clifford: Investors will no longer speculate on &quot;the shiny future of the <span class="whitespace-nowrap">unproven&quot;<svg xmlns="http://www.w3.org/2000/svg" width="24" height="18" viewBox="0 0 24 18" fill="none" stroke="currentColor" id="embed_video" class="inline-block align-middle group-hover:underline w-6 h-4 lg:h-6 ml-2">
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Investors should be focusing on ex-US opportunities, argues Andrew Clifford, Co-CIO at Platinum Asset Management.
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              <span class="wire_title_component w-full block group-hover:underline"><span data-controller="logged-in-class" data-logged-in-class-logged-in-class-value="hidden"></span>Has China become &quot;unavoidable&quot; after being once labelled <span class="whitespace-nowrap">&quot;uninvestable&quot;?<svg xmlns="http://www.w3.org/2000/svg" width="24" height="18" viewBox="0 0 24 18" fill="none" stroke="currentColor" id="embed_video" class="inline-block align-middle group-hover:underline w-6 h-4 lg:h-6 ml-2">
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  JPMorgan&#39;s Gabriela Santos thinks so. But Catherine Yeung at Fidelity International goes one step further.
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              The Match Out: ASX up as the RBA pivots on rates, Seek downgrades
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  The daily Match Out for Tuesday 4 April with Market Matters&#39; James Gerrish.
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        Market Partners 
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          <time datetime="2023-04-04T13:57:26+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">April 04, 2023 13:57</time>
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              The ASX sector Phil King believes is best placed for the next 5 to 10 years
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  The Regal Funds CIO believes investors are overlooking the continued growth potential of Australian resources companies. 
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              6 tools your share trading app needs to help you navigate volatile markets
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  To celebrate its one-year anniversary since launching in Australia, moomoo is providing the tools you need to help navigate volatile markets
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              <span class="wire_title_component w-full block group-hover:underline"><span data-controller="logged-in-class" data-logged-in-class-logged-in-class-value="hidden"></span>This asset class is growing fast and Qualitas has your entry <span class="whitespace-nowrap">ticket<svg xmlns="http://www.w3.org/2000/svg" width="24" height="18" viewBox="0 0 24 18" fill="none" stroke="currentColor" id="embed_video" class="inline-block align-middle group-hover:underline w-6 h-4 lg:h-6 ml-2">
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  With most asset classes taking a beating amid rate hikes, learn more about the fund that enjoys better returns in a higher rate environment
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              How Australian is your Australian fixed income benchmark?  The answer may surprise you!
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  We take a closer look at why Australian fixed income benchmarks may not be as Australian as some think.
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          <time datetime="2023-04-04T12:00:56+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">April 04, 2023 12:00</time>
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            <h2 class="mt-2 headline-md lg:headline-xl lg:group-hover:underline sm:max-w-full max-w-[60%] ">
              What the weaker credit cycle may mean for share market investors
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  The global economy is seeing a deterioration in credit conditions as higher interest rates and tighter lending criteria increase the cost and reduce the availability...
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              <span class="wire_title_component w-full block group-hover:underline"><span data-controller="logged-in-class" data-logged-in-class-logged-in-class-value="hidden"></span>Winners and losers amid the turmoil in global <span class="whitespace-nowrap">financials<svg xmlns="http://www.w3.org/2000/svg" width="24" height="24" viewBox="0 0 24 24" fill="none" id="embed_podcast" class="inline-block align-middle group-hover:underline w-6 h-4 lg:h-6 ml-2">
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  Following the recent bank crises in the US and Europe, Antipodes has identified &quot;relative winners and outright losers&quot; in global financials.
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              S&amp;P 500 higher, Morgan Stanley says tech rally is overdone, ASX futures flat
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  Get up to date on overnight market activity and the big events for the day. 
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          <div class="sm:flex-grow">
            <h2 class="mt-2 headline-md lg:headline-xl lg:group-hover:underline sm:max-w-full max-w-[60%] ">
              The growth outperformance myth: Why the falling yields narrative is not so simple
            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  The narrative, which we have heard many times, has often been simplified to something like “Growth investing benefited from around the GFC (in 2007) to 2021 from the...
</div>

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                <figcaption></figcaption>
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          <div class="sm:flex-grow">
            <h2 class="mt-2 headline-md lg:headline-xl lg:group-hover:underline sm:max-w-full max-w-[60%] ">
              Learnings from the Future Fund and the compelling case for one particular asset class
            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  VanEck has been paying close attention to the Future Fund and they have practical solutions to the problems identified, including EM debt.
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              <span class="wire_title_component w-full block group-hover:underline"><span data-controller="logged-in-class" data-logged-in-class-logged-in-class-value="hidden"></span>Meet the private equity firm pulling back the curtain (and delivering double-digit returns for its <span class="whitespace-nowrap">investors)<svg xmlns="http://www.w3.org/2000/svg" width="24" height="18" viewBox="0 0 24 18" fill="none" stroke="currentColor" id="embed_video" class="inline-block align-middle group-hover:underline w-6 h-4 lg:h-6 ml-2">
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  GCM Grosvenor CIO and Pengana Private Equity Trust Fund Manager Fred Pollock pulls back the curtain on the private equity landscape.
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              The contrarian story in property right now
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Falling property prices, inflation and rising interest rates. Is now really the time to buy commercial property? Realside believes it is.
</div>

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              Why does inflation matter for clients&#39; retirement income?
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  In a volatile world, confidence is priceless. Rising cost of living and inflation can have a significant impact on your clients&#39; retirement plans and lifestyle....
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              Income to drive returns
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  Income always plays a positive part in total return, the same cannot be said of capital growth. 
</div>

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          <div class="sm:flex-grow">
            <h2 class="mt-2 headline-md lg:headline-xl lg:group-hover:underline sm:max-w-full max-w-[60%] ">
              The Match Out: Energy shares carry ASX higher, eyes turn to RBA tomorrow
            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  The ASX saw the best of it early on today, buoyed by overseas strength on Friday while a ~7% rally in the oil price this morning following OPEC+ production cuts had...
</div>

          </div>
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        <div class="pt-4 pb-4 sm:hidden">
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  <div>
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    <div data-controller="tooltip">
  <a aria-label="ANZ" data-controller="event" data-event-name-value="link_click" data-event-id-value="55131" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tags&quot;}" href="/stock_codes/asx-anz">
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  <div>
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">ANZ Group Holdings Ltd</div>
            <div class=" text-darkestgray truncate font-sans leading-4 font-semibold capitalize text-heavy-md">ASX:ANZ</div>
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</a>    <div class="px-4 mt-0.5">
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        <div class="flex-grow text-darkestgray text-bold-sm" id="followed-count-stock_code-231">
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      <div class="border-6 border-tooltipDownArrowLight"></div>
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  </div>
</div>

    <div data-controller="tooltip">
  <a aria-label="CBA" data-controller="event" data-event-name-value="link_click" data-event-id-value="55131" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tags&quot;}" href="/stock_codes/asx-cba">
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  <div class="flex items-center gap-2">
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</a>  <div class="hidden" data-tooltip-target="content">
    <div class="w-80 rounded-md overflow-hidden shadow-horver-card border border-light">
  <div>
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            Followed by<span class="font-bold text-gray-700"> 1672 </span>people
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  </div>
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    <div class="h-0 w-full flex justify-center">
      <div class="border-6 border-tooltipDownArrowLight"></div>
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  </div>
</div>

    <a class="px-1 py-0.5 text-bold-md text-nav-item" data-controller="event" data-event-name-value="link_click" data-event-id-value="55131" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tags&quot;}" href="/wires/the-match-out-energy-shares-carry-asx-higher-eyes-turn-to-rba-tomorrow">
      +8
</a></div>

        </div>
        <div class="pt-4 pb-4 lg:pb-2 hidden sm:block">
          <div class="flex gap-2">
    <div data-controller="tooltip">
  <a aria-label="ABB" data-controller="event" data-event-name-value="link_click" data-event-id-value="55131" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tags&quot;}" href="/stock_codes/asx-abb">
    <div
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  <div class="flex items-center gap-2">
    <span class="text-bold-md">ABB</span>
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</div>

</a>  <div class="hidden" data-tooltip-target="content">
    <div class="w-80 rounded-md overflow-hidden shadow-horver-card border border-light">
  <div>
    <a data-controller="event" data-event-name-value="link_click" data-event-id-value="2645" data-event-statisticable-value="stock_code" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tooltip&quot;}" href="/stock_codes/asx-abb">
      <div class="p-4 flex group">
        <div class="flex flex-col">
          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Aussie Broadband Ltd</div>
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        </div>
      </div>
</a>    <div class="px-4 mt-0.5">
      <div class="flex items-center py-4 border-t border-light">
        <div class="flex-grow text-darkestgray text-bold-sm" id="followed-count-stock_code-2645">
            Followed by<span class="font-bold text-gray-700"> 773 </span>people
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          <div 
  class="follow-stock-code-2645-stock-code-tooltip-hovercard"
  data-load-engagement-count-target="follow"
  data-followable-type="stock_code"
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      </div>
    </div>
  </div>
</div>

    <div class="h-0 w-full flex justify-center">
      <div class="border-6 border-tooltipDownArrowLight"></div>
    </div>
  </div>
</div>

    <div data-controller="tooltip">
  <a aria-label="ANZ" data-controller="event" data-event-name-value="link_click" data-event-id-value="55131" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tags&quot;}" href="/stock_codes/asx-anz">
    <div
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>
  <div class="flex items-center gap-2">
    <span class="text-bold-md">ANZ</span>
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</div>

</a>  <div class="hidden" data-tooltip-target="content">
    <div class="w-80 rounded-md overflow-hidden shadow-horver-card border border-light">
  <div>
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">ANZ Group Holdings Ltd</div>
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</a>    <div class="px-4 mt-0.5">
      <div class="flex items-center py-4 border-t border-light">
        <div class="flex-grow text-darkestgray text-bold-sm" id="followed-count-stock_code-231">
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          <div 
  class="follow-stock-code-231-stock-code-tooltip-hovercard"
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    <div class="h-0 w-full flex justify-center">
      <div class="border-6 border-tooltipDownArrowLight"></div>
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</div>

    <div data-controller="tooltip">
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    <div
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>
  <div class="flex items-center gap-2">
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</div>

</a>  <div class="hidden" data-tooltip-target="content">
    <div class="w-80 rounded-md overflow-hidden shadow-horver-card border border-light">
  <div>
    <a data-controller="event" data-event-name-value="link_click" data-event-id-value="519" data-event-statisticable-value="stock_code" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tooltip&quot;}" href="/stock_codes/asx-cba">
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  </div>
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    <div class="h-0 w-full flex justify-center">
      <div class="border-6 border-tooltipDownArrowLight"></div>
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  </div>
</div>

    <div data-controller="tooltip">
  <a aria-label="FMG" data-controller="event" data-event-name-value="link_click" data-event-id-value="55131" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tags&quot;}" href="/stock_codes/asx-fmg">
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  <div class="flex items-center gap-2">
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</a>  <div class="hidden" data-tooltip-target="content">
    <div class="w-80 rounded-md overflow-hidden shadow-horver-card border border-light">
  <div>
    <a data-controller="event" data-event-name-value="link_click" data-event-id-value="794" data-event-statisticable-value="stock_code" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tooltip&quot;}" href="/stock_codes/asx-fmg">
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</div>

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  <div class="flex items-center gap-2">
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</a>  <div class="hidden" data-tooltip-target="content">
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  <div>
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        Market Partners 
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