Of the 200 companies that Morningstar analysts research on the ASX, 15 companies have made it onto the firm’s Best Stock Ideas for August.
The exchange-traded fund (ETF) sector has been among the biggest winners of the pandemic, seeing significant inflows and more investors entering the market. Among the most popular strategies to come to market have been so-called ‘thematic’ ETFs, which offer exposure to a secular trend or opportunity.
“What we’re seeing is an explosion in the amount of data gathering and measurement and functionality across whole swathes of industries,” says Matthew Reynolds, Capital Group investment director for Australia. “Chips are literally going into every device you can think of – not just the obvious ones, like our phones and computers. It looks like…
In a world awash with exchange traded funds and thematic strategies, there is a shrinking group of fund managers willing to be different. In equity markets, being different is best measured against key benchmark indices like the S&P500 or MSCI, using measures like active share or tracking error. Such has been the strength of these…
They say that career risk is among the biggest factors that drives the perceived underperformance of most active managers. The evidence suggests that as successful managers attract more capital and their remuneration increases, they tend to regress back to the benchmark. But why is this so? With success comes more assets under management and eventually…
There is a common perception in capital markets that real estate prices are most heavily influenced by interest rate movements. Proponents suggest that an increasing cost of capital and loans will ultimately result in different types of property losing its value. Not so, says Resolution Capital’s CIO, Andrew Parsons. In fact, he suggests that investors…
Falling out of the headlines surrounding AMP this week was the low-key decision for the group to shut its Dynamic Markets Fund and ETF (former ASX code DMKT). Established in 2000 and managed exclusively by Nader Naeimi for the last five years, the strategy struggled to gain traction, and assets, due to persistent underperformance. At…
Contango Asset Management, the owner of Switzer Asset Management continued on their transition to become a focused marketing and distribution platform as opposed to product manufacturer this week. CEO Marty Switzer announced that the group had replaced its wholly owned subsidiary as the fund manager of the popular Switzer Dividend Growth Fund (ASX: SWTZ). Contango…
Stylistic investing, or the concept of separating companies into arbitrary buckets due to the perceive growth, value or defensive characteristics tends to dominate discussions these days. Fundamental research and the many rules of thumb applied by investors were founded in a very different world where ‘cigar butt’ companies proliferated and the way we work wasn’t…
As the industry fund sector embarks on what will be a busy and decade shaping year, Rainmaker’s recent release of its latest batch of AAA-rated super funds couldn’t be more timely. The research house seeks to assess the quality of 692 products issued by 178 superannuation funds including both industry (or so-called ‘not for profit’)…
