shares

Christopher Joye

In my AFR column I explain the consequences of Labor leader Bill Shorten's proposed new taxes for shares, property and hybrids---it's worth noting that even the Greens appear to have a problem with the notion of king-hitting prudent retirees with the Greens' leader vocally criticising Shorten's desire to deny retirees... Show More

Jason Teh

The sky is not falling was the message in September 2017. Our message was that the overall market did not show excessive valuations, which generally is a precursor to stock market corrections. However, our market outlook dimmed due to recent ‘risk-on’ rally, where most of the year’s return was delivered... Show More

Sam Dyson

Mining 101: a good mining company makes money at the low end of a steep cost-curve. This is BHP’s strategy and it is working wonders in iron ore. However, in 2011 BHP forgot this simple rule. Deal hungry and with cash flow burning a hole in the pocket after two... Show More

Callum Thomas

Here goes 10 charts on the S&P500 which evoke both bullish and bearish thoughts. The bearish ones are generally shorter-term in nature while the bullish ones are more medium term... The simplest way to reconcile it is that we could easily see a correction early this year before the market... Show More

Schroders Australia

As a fan of dystopian classics such as Huxley’s ‘Brave New World’ and Orwell’s ‘1984’, Martin Conlon, Schroders’ Head of Australian equites, finds their insights into the perils of searching for a manipulated utopia alarmingly relevant to today’s financial world. As a rationalist, he suggests the benefits of manipulating asset... Show More

Schroders Australia

‘Oh, Inverted World’ is the title of the 2001 album of the US indie band The Shins. It's a good description of todays’ topsy turvey world created by loose monetary policy. One big distortion in the anomaly we see in stock pricing tied to business duration. Much-used discounted-cash flow analysis... Show More

Christopher Joye

From my AFR column today: "I don't think Australian bank shareholders are cognisant of the risk that if equity capital ratios fall modestly, there are new automatic restrictions imposed by the regulator on the distribution of earnings that mean dividends may not be paid. In fact, it is likely that... Show More

James Marlay

A great chart from CommSec looking at different asset class returns over the long run. Interesting to note the recent break higher from property investment... "Total returns on Australian shares are currently up 0.6 per cent over 2015/16. Returns on dwellings are up 13.9 per cent while returns on government... Show More

Schroders Australia

The interaction between valuation, sentiment as calibrated through price momentum, and policy is key. Differences in the valuation of cyclical stocks relative to defensive industrial stocks has only through the past quarter moved slightly away from hitherto unseen extreme levels. Sentiment, as ever, has followed this move, as measured through... Show More

Schroders Australia

Last month I interviewed Head of Australian Equities, Martin Conlon, on the current positioning of the Schroder Australian Equity Fund and our views as we look forward. More recently we have seen a turnaround in the market leaders, with the Fund benefiting from Resources and Energy outperforming the interest rate... Show More

BetaShares

A lot of Australians need to get out more! Generally, allocations to international equities are very light for most investors, even though Australia represents less than 2% of global market cap. With this in mind, a lot of investors still prefer the comfort of investing in locally listed vehicles. The... Show More