The last four months of 2018 were brutal for investors everywhere. October was particularly painful, with most managers off by -5 to -10%. So it caught my eye when I saw one posting +7% for October. This same fund has finished CY18 up 42.9%. Show More
The Kilauea volcano has been erupting almost constantly for the past 35 years. The current investment landscape reminds me a lot of Kilauea, with numerous ongoing geopolitical eruptions and their financial ‘lava’ threatening to recast the map of long-standing investment strategies. Show More
In the AFR today I highlight that Australia's main fixed-rate, or Composite Bond index has once again been hammered, suffering significant capital losses as the world reluctantly accepts that long-term interest rates need to rise. Show More
In The Australian Financial Review I argue that the best traders make money through consistent short-term investing rather than via irregular long-term bets given volatility and uncertainty scale with time and in this context reflect on the incredible net returns produced by the world's greatest investor, Renaissance Technologies, which have... Show More
Any trader will tell you there are a few holes in the ‘Efficient Market Hypothesis‘ theory that suggests the market always prices assets efficiently. To gain an edge from efficiencies that may appear, Shane Oliver, Head of Investment Strategy and Co-creator of AMP Capital’s new exchange traded managed fund, Dynamic... Show More
Empirical studies have demonstrated that asset allocation determines the vast majority of the returns that a portfolio will generate*, with a landmark study by Brinson, Hood and Singer calculating the figure to be as high as 91.5%. To fully leverage this, allocation ranges need to be completely flexible, and AMP... 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
AMP Capital’s new exchange traded managed fund, the Dynamic Markets Fund (Hedge Fund), uses five key considerations as part of the dynamic asset allocation investment process. These include asset valuations, stage of the earnings cycle, liquidity and monetary policy, market sentiment, and also technical signals. This process has uncovered an... Show More
Part one of our Perspective series examined the dire situation facing active managers as their legacy business is under threat from the rise of passive investment strategies. This concluding piece examines why active will continue to exist and actually how passive strategies need active strategies for passive to function properly.... Show More
Until the RBA rate cut in early May, the rally in the Aussie had limited 2016 gains for local gold investors. But with the currency now breaking back below USD $0.73, the next up-leg in Aussie dollar gold prices is underway, with the price pushing above AUD $1740 an ounce... Show More
BestEx provided Livewire with an exclusive Q&A on HFT: Much of the opposition to HFT in Australia has been emotional and ill-informed. HFT has been described as 'legalised front-running' and unfairly accused of causing market instability. Opponents have called for the practice to be banned, arguing that participants that don't... Show More