In my AFR column I open-up with both barrels on vertically-integrated institutions (click on that link to read for free or AFR subs can click here for direct access). Excerpt enclosed: Show More
In my Weekend AFR column I offer my latest analysis of relative value investment opportunities across the banks' capital structures in the context of the recent AMP subordinated bond deal, highlighting what appears to be dysfunctions between senior bonds, subordinated debt and hybrids (click on that link to read for... Show More
AMP has reported a 15% drop in first-half net profit to $445 million from $523 million a year earlier. In underlying terms - a measure which removes the impact of one off events and focusses on the underlying performance of the business - profit rose by 4% to $533 million,... Show More
Wealth manager AMP (AMP) has reported a full year loss attributable to shareholders of $344 million, a decline of 135% compared to a profit of $972 million in the previous corresponding period For more Reporting Season coverage, please visit https://www.commsec.com.au/reportingseason Show More
Remember Brexit? The UK’s unexpected vote in late June to leave the EU led to a dramatic collapse in market sentiment. At the point of maximum pessimism, the FTSE 100 was down 8% on the day. Yet within a week the FTSE had recovered all of its ground, and then... Show More
With developed countries’ equity, bond and property indices all looking expensive, investors need to look further afield to find an asset class with significant growth potential. AMP Capital’s new exchange traded managed fund, the Dynamic Markets Fund (Hedge Fund), ASX:DMKT, has about 65% of its capital allocated in growth assets,... Show More
Investors in banking stocks have had a frustrating three years, while many invested in financial tech have reaped huge rewards over this period. Ben Heap, co-founder of venture capital firm H2Ocean, told Livewire a key reason fintech has done so well is the agility that start-ups enjoy, while the size... Show More
Every investor wants capital and dividend growth, but it’s easy to forget about risk. So far this reporting season, right or wrong earlier calls about risk are making all the difference to investor returns. Amongst the medium to large companies of interest to most investors, some large shifts in risk... Show More
Invest for the long-term. That’s the catchcry of a phalanx of advisers since investing in equities emerged from the shadow of railway bonds. But investing for the long-term only makes sense if you invest in extraordinary businesses. The longer you stay invested in mediocre businesses the greater your loss in... Show More