Synopsis of current markets
In this article we offer a synopsis of the current market conditions, and delve into what the data is actually telling us and what this could mean for future rate cuts and equity markets.
Insights Education Centre
Featured
Portfolio Construction: Avoiding Bad Behaviour
Category: Behavioural Investing
Produced as a companion to our behavioural investing podcast series with Ensombl, this white paper explores the outcomes of the poor investor behaviour that our biases can drive, and examines the ways advisors can better connect values, goals, and risk, to drive better advice outcomes.
Factors, Funds and Performance Chasing
Category: Factor investing
In this white paper, we provide empirical evidence for the mean reverting nature of outperformance in both Aussie equities and Aussie fixed income. We also discuss the role of investment styles and market factors in driving manager returns and how understanding these factors can lead to a more comprehensive evaluation of a manager’s true performance.
Quarterly Market Update
Category: Market updates
In our regular quarterly update, we discuss what has happened in markets for Q3 of 2023, and provide our market outlook and how this relates to our current portfolio positioning. Our quarterly update also summarises all the trades we have made over the last 12 months and our rationale for these. These are available in both PDF format and as video updates featuring Dinyar Irani and Shane Wang.
- All Categories
- Behavioural Investing
- Factor Investing
- Market updates
- Portfolio Construction
- All Categories
- Behavioural Investing
- Factor Investing
- Market updates
- Portfolio Construction
A better performing equities portfolio
Equity portfolios offer the lure of enormous gains, but they also come with substantial risk. Fortunately there is a way to shift the balance between risk and return with lower fees than those offered by traditional active managers.
Two snapshots of the US economy
In this article we take a closer look at contradicting narratives surrounding the US economy and show what the leading macroeconomic indicators are telling us.
Active management outperformance may be driven by factor performance
Our analysis revealed that the success of numerous active managers can be ascribed to “naive alpha”, stemming from their strategic investment in a specific style that exploits a particular factor consistently over time.
Are small caps back in action?
This article examines the valuation difference between US large caps and US small caps, and the reasons the spread between the two may be so wide currently.
2023 | A review of positioning
This article looks at the trades we made in 2023 to position ourselves for the year ahead. We look at those that have performed well and those that haven’t and why.
Young investors lose in default MySuper funds
This article shows that more than 5.2 million young Australians are missing out on higher super returns by leaving their retirement savings in default MySuper accounts based on an APRA analysis.
2023 | Year in review
In this article we reflect on what has transpired over 2023 and look forward to what may come next, with a focus on the probabilities for the different future scenarios.
When will bad news be bad news
This article looks at how market participants now view the softening of growth, manufacturing activities, retail sales and labour data as positive – rather than intuitively negative, as was the case a decade ago.
