Podcast: What happens when a bank fails
In this podcast, I speak to Bennelong Fund Management's Stuart Fechner about the collapse of the Silicon Valley Bank and its impact on Australia, the flavour of the recent reporting season, and the ongoing effect of rising interest rates and inflation.
“If we’d had this conversation three weeks ago, I would have said to you the interest rate futures are predicting maybe an 80 or 100 basis points increase in interest rates through to the end of the year. If we look at it today, the Australian futures market is indicating no further increases and then cuts of around 20 basis points at the end of the year. So if you’re a mortgage owner, you have a lot of cause for celebration.”
Listen to the podcast here
Topics covered:
- 0:57 – Why SVB failed, and why it could halt interest rate rises
- 5:00 – The theme from the recent reporting season
- 6:22 – The impact of rising rates and inflation on companies as well as consumers
- 10:19 – How this is affecting the residential housing market
- 12:01 – How Kardinia is positioning its portfolio accordingly
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Kristiaan has more than 20 years of experience in the broader financial services industry. Prior to co-founding Kardinia Capital, he was a portfolio manager with Herschel Asset Management, with responsibilities across responsibilities across a range of Australian equity strategies. He has also had senior roles at Merrill Lynch (in London and Singapore) and KPMG Corporate Finance.
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This information is issued by Bennelong Funds Management Ltd (ABN 39 111 214 085, AFSL 296806) (BFML) in relation to the Bennelong Kardinia Absolute Return Fund. The Fund is managed by Kardinia Capital, a Bennelong boutique. This is general information only, and does not constitute financial, tax or legal advice or an offer or solicitation to subscribe for units in any fund of which BFML is the Trustee or Responsible Entity (Bennelong Fund). This information has been prepared without taking account of your objectives, financial situation or needs. Before acting on the information or deciding whether to acquire or hold a product, you should consider the appropriateness of the information based on your own objectives, financial situation or needs or consult a professional adviser. You should also consider the relevant Information Memorandum (IM) and or Product Disclosure Statement (PDS) which is available on the BFML website, bennelongfunds.com, or by phoning 1800 895 388 (AU) or 0800 442 304 (NZ). Information about the Target Market Determinations (TMDs) for the Bennelong Funds is available on the BFML website. BFML may receive management and or performance fees from the Bennelong Funds, details of which are also set out in the current IM and or PDS. BFML and the Bennelong Funds, their affiliates and associates accept no liability for any inaccurate, incomplete or omitted information of any kind or any losses caused by using this information. All investments carry risks. There can be no assurance that any Bennelong Fund will achieve its targeted rate of return and no guarantee against loss resulting from an investment in any Bennelong Fund. Past fund performance is not indicative of future performance. Information is current as at the date of this article. Kardinia Capital Pty Ltd (ABN 20 152 003 186) is a Corporate Authorised Representative of BFML.
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Kristiaan has more than 20 years of experience in the broader financial services industry. Prior to co-founding Kardinia Capital, he was a portfolio manager with Herschel Asset Management, with responsibilities across responsibilities across a...
Expertise
Kristiaan has more than 20 years of experience in the broader financial services industry. Prior to co-founding Kardinia Capital, he was a portfolio manager with Herschel Asset Management, with responsibilities across responsibilities across a...
Expertise
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