July
- Opinion
- Sharemarket
Why it’s time for ETF investors to stop tracking the ASX 200
Fundamentals still count. Shares can rise and fall quickly on a piece of news, and it’s not passive funds that are driving that price action.
June
- Opinion
- Interest rates
There’s money to be made anticipating the next central bank pivot
After a period of synchronised monetary policy among developed markets, 2024 presents a new phase of divergence, creating opportunities for astute investors.
March
- Opinion
- Sharemarket
It’s time to look beyond the ASX’s large caps to make money
There’s so much talk of the S&P 500 being dominated by the “magnificent seven”. But Australia has one of the world’s most concentrated benchmarks in its own backyard.
January
- Opinion
- Sharemarket
Why the ‘size effect’ doesn’t work for Aussie small caps
Australian investors love small companies, but why do these lag their global counterparts when it comes to sharemarket performance?
December 2023
- Opinion
- Sharemarket
Why investors were right to ignore the warnings of 2023
If the past year taught investors anything, it’s that being selective and diversified is key to riding the economic cycle. And timing the market is a fool’s game.
September 2023
- Opinion
- Investing
Why a reckoning may be coming in private markets
It appears investors have failed to realise or even ignore the price discovery mechanism, namely public market liquidity, as a gauge of measuring the fair price of an asset.
August 2023
- Opinion
- Sharemarket
What every investor in Australia’s sharemarket should know
Economist Orris Clemens Herfindahl created a concentration index in the 1950s that few know about in finance, but really should.
June 2023
- Opinion
- Sharemarket
Here’s the ‘sweet spot’ of the ASX that most investors overlook
Mid-cap stocks are abuzz with corporate activity, either in the form of business expansion or M&A, yet many people are too focused on other areas of the market to notice.
March 2023
- Opinion
- Private equity
The next big stress test could be in private markets
Investors have gravitated towards the sector under the pretence of higher return premiums, but also lower volatility.
January 2023
- Opinion
- Investing
Why the (improved) 60/40 portfolio is back in vogue
From Benjamin Graham to the Yale model, portfolio construction is always evolving. Now that bonds pay income again, diversified portfolios are more robust.
August 2022
- Opinion
- Shares
Australia’s sharemarket has a size problem
Factor strategies work in global markets, but in Australia the universe of companies is too small, too concentrated and there is a lack of variability over time.
June 2022
- Opinion
- Portfolio management
How to beat the bear market blues
Investors that let emotion steward investment decisions risk selling quality assets for cheap instead of focusing on long-term portfolio objectives.
July 2021
- Opinion
- Portfolio management
Real talent in the investment management game
Punters have lucky streaks and the same is true for investors. For too long, active managers have been able to charge fees for simply utilising factors.
January 2021
- Opinion
- Investing
How you can untangle funds management marketing
Beware of false or misleading comparisons, deceptive performance data and media 'soft sells' when considering investment products.