James Gerrish

We use derivatives across the majority of our portfolios to improve performance and / or to reduce portfolio volatility. They help us consistently beat the market over time and improve the overall flexibility within our portfolios. We are almost entirely ‘sellers’ of options, and the bulk of our transactions are... Show More

Matthew Haupt

In our view, investors should position themselves for a rising interest rate environment in 2017. Developed market (DM) economies will be leading growth in 2017, taking over from emerging markets (EM) which have previously supported global growth rates. The key to the DM’s recovery will be how the US markets... Show More

Nikko Asset Management Australia

S&P's outlook negative on Australia's sovereign rating is of potential concern for insurance companies that are required to follow APRA's Life and General Insurance Capital (LAGIC) Standards. Any downgrade of the Australian major banks and state governments would have potentially significant consequences for Life and General Insurers under existing legislation.... Show More

Mathan Somasundaram

Banks: The substantial weight in the index and the high yield premium has made the bank sector to trade in line with the currency and the economy. Central banks globally continue to maintain an easing bias through currency war. US Fed decision next week will be the dominant factor in... Show More

Mathan Somasundaram

Bank sector: Global macro and central bank risks remain, but the downgrade cycle is mainly in the price. The yield premium and central bank easing bias suggests that banks should see support despite weakening outlook. Show More

Roger Montgomery

In the next few weeks a small New Zealand based insurer – CBL Corp Limited – lists on ASX and NZX. CBL is a slightly odd beast in the insurance world: it focuses on small but profitable specialist niches, where it is able to earn significant underwriting profits. In contrast,... Show More