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          <time datetime="2023-07-19T09:11:26+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">July 19, 2023 09:11</time>
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              The three factors driving stock returns
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  The next 18 months will be very different to the past 18 months
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        Magellan Investment Partners
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              How the best-performing Aussie large-cap fund for FY22/23 achieved its results
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              ASX 200 to rise, S&amp;P 500 gains on robust bank earnings + A contrarian signal for commodities
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  Get up to date on overnight market activity and the big events for the day. 
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            <h2 class="mt-2 headline-md lg:headline-xl lg:group-hover:underline sm:max-w-full max-w-[60%] ">
              Why there&#39;s more wheeling and dealing to come in the ASX small caps
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Following a tough FY2022, FY2023 was an improvement for small-cap investors. The ASX Small Ordinaries Accumulation Index rose 8.5% over the year. However, small caps...
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        Firetrail Investments
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  Unearthing the practical lessons learned from our worst-performing stock of 2022 and its subsequent triumph.
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              The Match Out: ASX flat, Lendlease (LLC) to cut 10% of staff globally
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  The Match Out for Tuesday 18 July with James Gerrish of Market Matters.
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        Market Partners 
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          <time datetime="2023-07-18T16:35:49+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">July 18, 2023 16:35</time>
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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>Private Credit: a smart <span class="whitespace-nowrap">choice<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">
  For many years I’ve advocated investment in equities. That won’t change. I believe owning quality growing businesses is the surest way to long-term wealth creation. A...
</div>

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        Montgomery Investment Management
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          <time datetime="2023-07-18T16:19:47+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">July 18, 2023 16:19</time>
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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>The best opportunities in healthcare right <span class="whitespace-nowrap">now<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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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  In the latest episode of the Invest it Best podcast, I speak with Wilsons Equity Analyst (Healthcare), Dr Melissa Benson about how she analyses investment...
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        Wilsons Advisory
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          <div class="sm:flex-grow">
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              7 key charts for investors to keep an eye on (and where they are now)
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  We remain reasonably upbeat on a 12-month view as falling inflation takes pressure off interest rates.
</div>

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</a>      </div>
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    alt="Shane Oliver"
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        AMP
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          <time datetime="2023-07-18T13:00:34+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">July 18, 2023 13:00</time>
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              The best-performing Alternative Assets funds of FY23
            </h2>
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  Infrastructure, private equity, private debt, global macro and hedge funds all take a spot in this eclectic asset class. 
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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>A &quot;vanishingly small&quot; chance of avoiding <span class="whitespace-nowrap">recession<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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  On our latest podcast episode, hear global macro insights from Ian Harnett, the Co-Founder of Absolute Strategy Research.
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              Netflix Earnings Preview: Unlocking Growth and Shaping the Future of Streaming
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  Netflix&#39;s upcoming earnings report holds the key to its subscriber growth, ad-supported tier success, and long-term strategies. 
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            </div>
          <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%] ">
              IML&#39;s secrets to staying consistently ahead for 25 years
            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  IML celebrates the 25th anniversary of its two flagship funds. We speak to portfolio manager Hugh Giddy to ask what&#39;s changed in that time. 
</div>

          </div>
</a>      </div>
        <div class="pt-4 pb-4 sm:hidden">
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    <div data-controller="tooltip">
  <a aria-label="AZJ" data-controller="event" data-event-name-value="link_click" data-event-id-value="56220" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tags&quot;}" href="/stock_codes/asx-azj">
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Aurizon Holdings Ltd</div>
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</a>    <div class="px-4 mt-0.5">
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</a>    <div class="px-4 mt-0.5">
      <div class="flex items-center py-4 border-t border-light">
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  </div>
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  <a aria-label="CSL" data-controller="event" data-event-name-value="link_click" data-event-id-value="56220" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tags&quot;}" href="/stock_codes/asx-csl">
    <div
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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="575" data-event-statisticable-value="stock_code" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tooltip&quot;}" href="/stock_codes/asx-csl">
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">CSL Ltd</div>
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</a>    <div class="px-4 mt-0.5">
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            Followed by<span class="font-bold text-gray-700"> 1580 </span>people
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      +2
</a></div>

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        <div class="pt-4 pb-4 lg:pb-2 hidden sm:block">
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    <div data-controller="tooltip">
  <a aria-label="AZJ" data-controller="event" data-event-name-value="link_click" data-event-id-value="56220" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tags&quot;}" href="/stock_codes/asx-azj">
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</div>

</a>  <div class="hidden" data-tooltip-target="content">
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    <a data-controller="event" data-event-name-value="link_click" data-event-id-value="208" data-event-statisticable-value="stock_code" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tooltip&quot;}" href="/stock_codes/asx-azj">
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        <div class="flex flex-col">
          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Aurizon Holdings Ltd</div>
            <div class=" text-darkestgray truncate font-sans leading-4 font-semibold capitalize text-heavy-md">ASX:AZJ</div>
        </div>
      </div>
</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-208">
            Followed by<span class="font-bold text-gray-700"> 379 </span>people
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          <div 
  class="follow-stock-code-208-stock-code-tooltip-hovercard"
  data-load-engagement-count-target="follow"
  data-followable-type="stock_code"
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  </div>
</div>

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    <span class="text-bold-md">BXB</span>
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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">
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    <a data-controller="event" data-event-name-value="link_click" data-event-id-value="372" data-event-statisticable-value="stock_code" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tooltip&quot;}" href="/stock_codes/asx-bxb">
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          <div 
  class="follow-stock-code-372-stock-code-tooltip-hovercard"
  data-load-engagement-count-target="follow"
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      </div>
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      <div class="border-6 border-tooltipDownArrowLight"></div>
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    <div data-controller="tooltip">
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    <div
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  <div class="flex items-center gap-2">
    <span class="text-bold-md">CSL</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="575" data-event-statisticable-value="stock_code" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tooltip&quot;}" href="/stock_codes/asx-csl">
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</a>    <div class="px-4 mt-0.5">
      <div class="flex items-center py-4 border-t border-light">
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  data-load-engagement-count-target="follow"
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</div>

    <div data-controller="tooltip">
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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="1367" data-event-statisticable-value="stock_code" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tooltip&quot;}" href="/stock_codes/asx-nab">
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</a>    <div class="px-4 mt-0.5">
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  </div>
</div>

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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">
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</a>    <div class="px-4 mt-0.5">
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</div>

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  </div>
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  Stacking shelves at 15, a commercial pilot at 21, and semi-retired at 30 – find out what &quot;boring, low-cost&quot; investing path he chose.
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        Livewire Markets
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              This company is firing on all cylinders
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  Our assumptions drive a forecasted &gt;20% p.a. earnings growth rate over FY2023-FY2026, underpinning substantial upside for this business
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</span>    </div>
      <div>
        Firetrail Investments
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</div>

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          <time datetime="2023-07-18T10:15:52+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">July 18, 2023 10:15</time>
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          <div class="sm:flex-grow">
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              Small caps are back: Global Health Ltd
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  There is value in small caps now. We&#39;re going back to sharing our deep dive analysis on undervalued small cap companies, starting with GLH.
</div>

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</a>    <div class="px-4 mt-0.5">
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      <div>
        HD Capital Partners
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</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%] ">
              Why now is the time to take another look at this investment region
            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  The &#39;Where in the world should you invest?&#39; series rounds out with a trip back to where it all began.
</div>

          </div>
</a>      </div>
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            <div class=" text-darkestgray truncate font-sans leading-4 font-semibold capitalize text-heavy-md">ASX:AGX1</div>
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      </div>
</a>    <div class="px-4 mt-0.5">
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  <div>
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      +1
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        <div class="flex-grow text-darkestgray text-bold-sm" id="followed-count-stock_code-2376">
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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>Are investors ready to embrace Australia&#39;s new bond <span class="whitespace-nowrap">era?<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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  After many years of limited activity on green bonds in Australia, we have seen a number of developments in this space recently, with the announcement of the Australian...
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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>For FC Capital, short-term loans must contribute to long-term <span class="whitespace-nowrap">growth<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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  Private debt can serve an essential role in growing businesses according to FC Capital&#39;s Christian Brehm, provided it has a purpose.
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