Bond yield decline drives Macquarie Atlas Roads shares
Andrew Stanley
Ralton Asset Management Limited
Shares in toll road asset manager, Macquarie Atlas Roads (ASX:MQA), performed strongly during May.
There were three key drivers for the stock:
- the election of Emmanuel Macron as French President was a positive as it removes the potential political risk around the asset and should stimulate economic growth if he delivers on his reform platform
- the strengthening of the Euro against the Australian dollar assisted the translation of the value of the asset for domestic shareholders, and
- the decline in bond yields during May have also been supportive of infrastructure assets.
Macquarie Atlas Roads' principal asset is the APRR toll road located in France. (VIEW LINK)
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Andrew has been with Ralton since its inception in 2006 and leads the investment management of Ralton’s managed accounts. He brings over 25 years of funds management and investment banking experience having held senior positions with major investment banks in Melbourne, Hong Kong, Tokyo and New York.
In Andrew’s last international role as Executive Director of UBS’s Financial Structuring Group in Hong Kong, he developed a range of complex structured finance solutions for clients across the bank's investment banking, fixed income and equities divisions to address issues faced by corporate clients.
Andrew started his career at Arthur Andersen where he qualified as a Chartered Accountant, before which he tutored macro-economics at Monash University while completing his law degree.
Andrew has a Master of Applied Finance, a Bachelor of Laws and a Bachelor of Economics.
12 topics
Andrew Stanley
Head of Australian Equities
Ralton Asset Management Limited
Andrew has been with Ralton since its inception in 2006 and leads the investment management of Ralton’s managed accounts. He brings over 25 years of funds management and investment banking experience having held senior positions with major...
Expertise
No areas of expertise
Andrew Stanley
Head of Australian Equities
Ralton Asset Management Limited
Andrew has been with Ralton since its inception in 2006 and leads the investment management of Ralton’s managed accounts. He brings over 25 years of funds management and investment banking experience having held senior positions with major...
Expertise
No areas of expertise
Comments
Comments
Sign In or Join Free to comment
most popular
Equities
Buy Hold Sell: 2 standout ASX names for FY26
Livewire Markets
Commodities
Central banks are doubling down on gold - should you?
Livewire Markets