FY18 was a strong year for both microcap and small caps indexes. Once again, microcaps significantly outperformed large caps. The S&P/ASX All Ordinaries Accumulation Index returned 13.7% for FY18 a healthy return. In contrast, the S&P/ASX Emerging Companies Index posted a stellar return of 23.2% for FY18. Leading to an... Show More
April was a month of streaks. The Prime Minister’s 30th straight loss in the polls dominated headlines, the Reserve Bank’s 89th consecutive month without a rate increase less so. But we’re now into the beginning of May and the RBA’s streak without a change in policy rate has stretched to... Show More
Many investors talk about quality businesses and many, like us, seek to buy these businesses for our clients. But what exactly is quality, what are the signs to look for, and why is it so important? Show More
Ten years ago, nearly 5,400 US-domiciled mutual funds were available to investors. Today only around 36% of them are still in existence, according to Morningstar data. The chances of long-term investors picking funds that are later merged or closed are fairly high. Show More
Some years ago, I had a relation of mine tell me he was selling some shares in a Microcap company he bought only six months earlier. I asked him what the reason for him selling was, and he responded that he made a 50% gain and was taking profits because... Show More
This is the question most prospective investors of our managed funds and anyone interested in small cap investing ask us. Identifying investment ideas, whether it is ASX listed companies or global companies can come about many ways. It could be we stumble upon them by trawling through all the companies... Show More
Liquidity continues to be an ongoing concern for fixed income participants and market regulators globally. Recent high profile failures of funds run by Third Avenue Management, Stone Lion Capital Partners and Lucidus Capital Partners sparked somewhat of a panic, at least in credit markets. The main cause of these failures... Show More
Kevin Bertoli, Portfolio Manager at PM Capital, says he is spending a lot of his time in conversation with the management of listed companies to understand the impact of higher rates. Bertoli says the feedback from the companies they are invested in suggests that the economy is travelling along nicely.... Show More
External research house Zenith Investment Partners revealed the winners of the 2015 Fund Awards last Friday 9 October. We are very pleased to announce that Wilson Asset Management won the Listed Investment Companies category for the second year in a row. The event, held in Sydney, was attended by more... Show More
Tim Samway, the Managing Director of Hyperion Asset Management says that he likes a number of Investment Managers - particularly those with exposure to Europe and its QE program. We like them because there’s underlying growth in markets over long periods of time. Revenue tends to go up as FUM... Show More
Crispin Murray the Head of Equities at BT Investment Management says "Macquarie has done well in the last couple of years, but we feel there is more opportunity there. The investment bank has re-positioned itself, shifting its business model away from transactions and more towards recurring annuity-style income streams –... Show More