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          <time datetime="2025-07-08T17:08:01+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">July 08, 2025 17:08</time>
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              RBA surprises by not cutting rates
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  RBA defies cut bets and holds in its July meeting; resilient data point to rising short yields and curve flattening.
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          <div class="sm:flex-grow">
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              Is now the time to invest in 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">
  In this edition of the IIR LMI Monthly Update we take a look at the key news in June as well as whether now is the time to be investing in small caps given the RBA...
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        Independent Investment Research 
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              A rare window of opportunity for long-term investors
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  With a 20-year CAGR of 14.1%, Thermo Fisher has repeatedly shown how temporary headwinds create long-term value for patient shareholders.
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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>Livewire Live 2025: Early Bird tickets now available. Secure your seat <span class="whitespace-nowrap">today!<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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  Livewire&#39;s annual investment day is shaping up to be an event like no other... Don&#39;t miss out!
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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>&quot;Win more on down days&quot;: The big edge for defensive equities <span class="whitespace-nowrap">funds<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">
  Hamish FitzSimons on why defensive stocks are underappreciated, the parts of the ASX his fund is keen on, and those it isn&#39;t.
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              A high-conviction precious metals re-rating story
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  In this feature, we break down the investment thesis in Coeur and what we’re watching as key catalysts unfold.
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              Invest or pay down debt? Why the answer isn’t so simple
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        Plato Investment Management
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          <div class="sm:flex-grow">
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              The return you see, the risk you don’t
            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Not all returns are created equal. Smart investors look beyond gains to protect against lasting losses.
</div>

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        Canopy Investors
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              The passive giants are leaving crumbs - and we’re feasting
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  Investing in small caps can sometimes feel like living in the shadow of a giant. But as giants lumber across the market, they drop crumbs — and for nimble investors...
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            <h2 class="mt-2 headline-md lg:headline-xl lg:group-hover:underline sm:max-w-full max-w-[60%] ">
              20-year club: Platinum&#39;s Cameron Robertson on sensible bets… and a little bit of luck
            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  In this series we&#39;re profiling managers whose funds are constituents of the 20-year club (i.e. at least two decades of operation). 
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            <h2 class="mt-2 headline-md lg:headline-xl lg:group-hover:underline sm:max-w-full max-w-[60%] ">
              Big opportunity but lots of risk - Morgan Stanley&#39;s take on markets
            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Morgan Stanley&#39;s Chris Nicol shares risks to watch, how he is positioning portfolios and a big opportunity.
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              Broadcom: the General Electric of the 21st century?
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  Broadcom behaves more like a private equity firm than tech company as such, leading to comparison between Jack Welch&#39;s GE of the 1990s. 
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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>Buy Hold Sell: Is there any value left on the ASX? (2 big buys <span class="whitespace-nowrap">revealed)<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 the index near record highs, Dougal Maple-Brown and Hamish FitzSimons go bargain hunting.
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              Two overlooked market opportunities for ETF investors
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  And the one ETF that VanEck&#39;s Arian Neiron would hold for the next five years.
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          <time datetime="2025-07-05T07:00:12+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">July 05, 2025 07:00</time>
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              Every Australian investor has a stake in mining
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  With its deep pool of retirement capital, Australia is on track to become the world’s primary destination for resource 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>From cold call to capital giant: The Metrics story in Lockhart’s <span class="whitespace-nowrap">words<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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  Metrics soars to $30 billion under management amid insatiable demand for private credit.
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              Broker says this ASX bank is a &quot;growth stock&quot; with 40% upside
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  Analysts rate Judo Bank a buy but are almost united in dismissing CBA&#39;s valuation and advising investors to book profits while they can. 
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              Domino&#39;s Pizza: How a $150 stock became a $15 disaster
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  With the stock now cheaper than its pizzas, is there any real value in Domino&#39;s or has it become a classic value trap?
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