g10

GARY (Growth At Reasonable Yield) > April 2017 Update

Mathan Somasundaram

GARY identifies companies that are able to deliver growth and yield at a reasonable cost. GARY offers a middle ground when uncertain markets flip flop between growth and yield. Predominantly small cap oriented GARY underperformed over the past month as large caps on stretched multiples continued to outperform. Show More

GARY - Growth At Reasonable Yield | You ain't seen nothing yet

Mathan Somasundaram

Global markets are moving from deflation and low rates to an inflation and rate rising environment. Recovering economies will deliver growth while struggling economies will see capital outflows. The changing global dynamics will continue to push investors towards a better equilibrium between growth and yield. We see this transition driving... Show More

GARY - Growth At Reasonable Yield | Making macro risk great again

Mathan Somasundaram

Global markets are beginning to digest the stretched valuations, high yields and strong currency ahead of the US Fed meeting. The aggregate policy outlook from the new administration is expected to push up inflation and debt in the process of raising growth. The inflation rally since October has been running... Show More

GARY - Growth At Reasonable Yield | Making inflation great again

Mathan Somasundaram

Global markets are digesting the US election results while the US Fed rate hike in December hangs in the balance. The aggregate policy outlook from the new administration is expected to push up inflation and debt in the process of raising growth. Rising inflation will attract higher interest rates and... Show More

GARY - Growth At Reasonable Yield | Small Cap Industrials continue to deliver outperformance

Mathan Somasundaram

Global markets are currently going through the cyclical September pullback on heightened macro concerns. Markets may start to worry about the patches of weakness in US economic growth ahead of the Presidential election. We maintain the view that the US Fed will only move in December and the move will... Show More

GARY - Growth At Reasonable Yield | GARY goes high as RBA goes Lowe

Mathan Somasundaram

Central bank currency wars, political election cycles and corporate survival mode will continue to put downward pressure on growth rates and interest rates. New RBA governor, Philip Lowe is likely to inherit an economy at the early stages of the new rate cut cycle to fight deflation. The Federal Budget... Show More

GARY - Growth At Reasonable Yield | Yield helps GARY hold ground in volatility

Mathan Somasundaram

The Australian equity market’s sustainable dividend yield will attract investors in an environment of low rates and low growth. The GARY approach allows the investor to get the exposure to recovering growth with the protection of the yield thematic. Show More