Powerful trends remain intact for 2016
Karl Siegling, Portfolio Manager at Cadence Capital, says rather than looking for what has changed in 2016 investors should turn their attention to the powerful themes that shaped investment returns in 2015. Siegling says whilst there may be short term ‘micro’ movements in commodities, energy and the Australian dollar all remain in powerful long-term downtrends. From an investing perspective Siegling believes many of the successful trades of 2015 will continue to perform this year. Examples are long stocks such as Macquarie, Henderson Group and Melbourne IT with short positions maintained on iron ore producers such as RIO and FMG. In this video Siegling expands on these topics and highlights one variable that he believes has been at the centre of recent volatility and warrants careful consideration in the year ahead.
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