Gold is trending up, in price and discussion on its role in a portfolio. While European investors have typically included an allocation to gold as a matter of course, it is less common elsewhere. The European bias harks back to the debasement of currencies in early 1900, the safe-haven status during the war and the…
It’s enough to make one feel old – old enough to remember when Foster’s Group spun off its wine business, in the form of Treasury Wine Estates, in May 2011, only four months before Foster’s itself disappeared from the Australian share market, taken over by Anglo-South African brewer SABMiller, which became AB InBev in 2016….
One of the shining lights in Australian equity portfolios during a very difficult March quarter was Fisher & Paykel Healthcare, a global leader in the manufacture of respiratory humidifiers. Demand for the company’s products, which are used in intensive care units (ICUs), has grown strongly during the COVID-19 crisis, but the company believes there is…
The Australian Taxation Office needs to provide greater clarity about its announcement that it will not take compliance action if a self-managed super fund landlord gives a tenant a temporary rent reduction to a related party, a leading SMSF consultant says. The executive manager of SMSF technical services at SuperConcepts, Mark Ellem, says the ATO…
Superannuation funds have held up well despite ongoing market volatility. Members are encouraged to hold on to their current option and avoid making “knee-jerk” reactions. Members have reaped the benefits of diversification with different portfolio options performing in line with their allocation. Research house SuperRatings estimates that the median balanced option fell 8.9 per cent…
ASX investors looking for dividend income are likely eyeing off Washington H. Soul Pattinson & Co. Ltd (ASX:SOL) and licking their chops. Together with BHP (ASX: BHP), CSL (ASX: CSL) and Commonwealth Bank of Australia (ASX: CBA), “WHSP” has established itself among the best ASX-listed shares for income. Even now, as COVID-19 isolation measures take…
After finishing up 1.9% for the week, taking the recovery to 20% off the market bottom in March, the S&P/ASX 200 (ASX: XJO) looks to open strongly again today.
This week’s pick tends to divide opinion; some love it and some hate it. The company is Australia’s leading investment bank, Macquarie Group. It was founded in 1969 as Hill Samuel Australia, employs over 15,000 people and according to its website, it has delivered a profit over 50 consecutive years. Macquarie was one of the…
In general we are sceptical about capital raisings in Australia, with the ‘private placement’ structure heavily tilted towards investment banks, broking houses (and their clients) and pension funds able to take on outsized allocations.
The S&P/ASX 200 (ASX: XJO) fell on Thursday, taking the US lead to fall 1%, driven primarily by the banking sectors as investors become wary of the need for greater loan provisions.
