Schroders Australia

Lessons learnt since 1987

Simon Doyle

This month will mark 30 years since I started working in financial markets. While I don’t remember exactly what happened on my first day, I do remember being inherently nervous starting work just a few weeks after the 1987 stock market crash. While I don’t intend to detail a laundry... Show More

Small Caps – Anchors aweigh

Schroders Australia

In hindsight it has been nirvana for the unsophisticated investor. Those that piled into IPOs and technology stocks in the last few years were unduly rewarded with spectacular returns. Those more discerning who avoided the speculative fervour, have been figuratively buried owning miners and unfashionable industrial companies. We feel the... Show More

Global Shares – Outlook 2016: Asia ex Japan Equities

Schroders Australia

Asia continues to offer significant structural advantages in terms of growth potential over the longer term, but there are short-term headwinds that need to be factored into investment decision making. Asian companies are faced with three key global trends which will impact the landscape: demographics, deflation and disruption. Our preferred... Show More

Domestic Shares – FoMO & the lure of outsized gains

Schroders Australia

Much as we might prefer otherwise, the market price of every listed equity investment is an amorphous blend of human behaviour, macroeconomic and corporate fundamentals. Share prices do not conform to a precise mathematical theorem. Investment returns over any period will comprise an element which reflects investors’ assessment of the... Show More

Global Shares – risks and opportunities in global shares

Schroders Australia

Global equities cruised past their pre-financial crisis highs earlier this year, seemingly oblivious to mounting valuation hurdles and concerns about the narrowness of market performance. The last five or so years have hugely favoured Momentum, Growth and Macro-orientated investors, while Value approaches have struggled against this backdrop. Volatility has returned... Show More

Small Caps – finding opportunities

Schroders Australia

We remain cautious on the outlook for the market given the macroeconomic backdrop is unconvincing. Putting that aside we are finding decent opportunities in the small cap space from a valuation perspective amongst companies that are unpopular due more to perception than reality. Most of these companies have strong balance... Show More