One of the unlikely outcomes from what we now might call the “franking credits scare” that dominated the election campaign has been the realisation among many investors that they need to look further for income.Many investors have yet to fully explore bonds, especially high-yield bonds. A high-yield bond is one... Show More
With an escalating trade war, quantitative easing over, and China slowing down, market risk is running high. So when we sat down with global manager, Peter Rutter, Head of Global Equities at Royal London Asset Management, we asked for his take on the biggest risk to markets would be next... Show More
Warren Buffett once said: “When I see memos from Howard Marks in my mail, they’re the first thing I open and read. I always learn something.” Earlier this week, Marks held an AMA (ask me anything) for investors. Here are some of the key takeaways of this dialogue with one... Show More
With rates marching higher in the US, higher risk asset classes such as emerging market equities are seeing rising volatility. As risk reprices across the market, this will cause problems for weaker companies and countries. There’s one group in particular that faces significant challenges, explains Alex Duffy, Portfolio Manager at... Show More
Howard Marks of Oaktree Capital has recently released his updated view on the current market environment. The view of Oaktree is interesting, as they invest across most asset classes and in every part of the capital structure. Show More
This bull market is now one of the oldest on record, yet reasons to be wary of it are growing. We sat down with Matthew Haupt, Portfolio Manager at Wilson Asset Management to get his perspective on how much longer investors have left to make hay. Matt told us... Show More
In Australia today, growth is forecast to be around 2.5%, commodity prices are stable, jobs are strong, and inflation is low and stable. But in the background, risks are rising, explains Chris Rands from Nikko Asset Management. “The biggest risk that’s sitting there is the house price situation... The flow-through effect... Show More
Being able to measure and monitor the true level of mortgage delinquencies across an economy is essential for investors and regulators interested in asset pricing and financial system stability, amongst other things. Prior to the 2008 global financial crisis, rising mortgage default rates in the United States were an important... Show More
For the last two calendar years, the Australian dollar has defied our expectations for weakness. But after hitting $US0.81 in January it’s been trending down as US interest rates fell below the Australian cash rate, the threat of a US-driven trade war increased and it recently broke below a short-term... Show More
A group of factors that supported the equity bull market for almost a decade, including excess liquidity, low volatility, and low rates, are now unwinding in a synchronised fashion. Show More
