In my column today I analyse the new NAB hybrid, which was cheap and attracted a monster circa $200m bid from the $70bn goliath Unisuper with CIO John Pearce choosing to fade the ALP election risks and associated franking debate, and possibly to capitalise on a change in the way... Show More
In my first column for the year, I reflect on the debate I kicked off regarding the absence of any publicly managed super solution and the role the Future Fund could play in this context. After dealing with criticisms from vested interests, I query whether Chris Bowen has unwittingly wedged... Show More
With a potential change in Federal government on the horizon, in this thematic discussion, we sat down with Matt Williams from Airlie Funds Management and Rhett Kessler from Pengana Capital to ask what it means for investors. Will new leadership bring big changes, or will it ultimately be ‘more bark... Show More
In my AFR column I explain the consequences of Labor leader Bill Shorten's proposed new taxes for shares, property and hybrids---it's worth noting that even the Greens appear to have a problem with the notion of king-hitting prudent retirees with the Greens' leader vocally criticising Shorten's desire to deny retirees... Show More
Labor leader Bill Shorten is certainly bold when it comes to assaulting the financial heartlands of Australian housing, equities and super. Show More
If you already own Hybrids you’ll be familiar with some of their benefits: attractive yields, access to franking credits and lower volatility relative to equities. However, as terms and conditions differ from security to security, Hybrids can be a complex and admin intensive asset class for investors. Show More
A new wall of super money is set to radically alter Australia’s investment market and returns. The Australian market is being hit by a compounding wall of superannuation money, which we think will significantly alter the outlook and composition of returns for the next decade. This has serious implications for... Show More
A debate has begun over whether Australian companies are paying out too much cash in dividends to shareholders, and not enough capital is being reinvested. We think this is an extremely serious issue and is closely linked to Australia's future economic performance and the performance of local equity markets in... Show More
Scrapping franking credits would trigger steep price falls of BHP, Telstra and Woolworths. Share prices of other widely held Australian companies which pay franked dividends, would slump by up to 30% if franking credits were removed, with no tax offset, seriously hurting investors and retirees. The Murray Inquiry into Australia's... Show More