You might have heard the expressions ‘top-down’ and ‘bottom-up’ applied to stock picking. Let me explain. Top-down research is what the economists and strategists do. They try and predict where the equity market will go by working out what earnings are going to do on average over some time period.... Show More
Few topics inspire more parochial debate than property in Australia. While residential property tends to grab the headlines, commercial grade property has had no less support in recent years. Show More
Earlier this year, we reviewed some of the key factors driving the ongoing strength in the property sector. A few months and one further domestic rate cut later, Australian Real Estate Investment Trusts (AREITs) have rallied further. But today’s paper is not another case for the AREIT sector, but rather... Show More