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Platinum Asset Management’s recently released September quarter update wasn’t pretty. The long-term value manager has been left behind by surging growth stocks, with recent underperformance placing pressure on fund flows. In 2020, over half the group’s funds have underperformed their relevant benchmarks but continue to benefit from longevity in the form of strong longer-term returns….

ASX up and running, to open weaker, Charter Hall (ASX:CHC) and Centuria (ASX:CIP) continue to acquire The ASX (ASX:ASX) managed to open on time Tuesday after significant issues to begin the week, though management flagged some ‘settlement’ issues had also arisen, sending the share price 1.5% lower.  In terms of the ASX200 (ASX:XJO) it was…

Sharemarket to open strongly, Moderna (NYSE:MRNA) vaccine 94% effective, ASX (ASX:ASX) system failure, US markets hit record The ASX200 (ASX:XJO) managed just twenty five minutes of trade this morning before it’s new settlement system failed, closing down the market for the day.  Before the shutdown it was a positive start, the market finished 1.2% higher on…

ASX stocks down 0.2%, ‘Go long’ says star investor Bill Ackman, Ramsay Healthcare (ASX:RHC) reports, positive open ahead The ASX200 (ASX:XJO) fell for the second straight day finishing down 0.2% but managed to add 3.2% for the week.  The reasons were clear, positive news on a COVID-19 vaccine coming from Pfizer (NYSE:PFE) sent beaten down…

ASX 200 (ASX:XJO) falls 0.5%, Telstra (ASX:TLS) outperforms, US market falls ASX to open lower It was a mixed day for the ASX200 (ASX:XJO) taking a breather after what has been a hectic few days.  Most sectors were down, with telecommunications and consumer discretionary the standouts, adding 1.9% and 1.0% on company specific news.  Wesfarmers…

Rotation rally continues, ASX 1.7% higher, Commonwealth Bank (ASX:CBA) reports, US markets mixed, ASX to open positive The rotation rally continued on Wednesday as investors adjusted portfolios to what appears to be a sooner than expected return to normal. Every sector finished higher, with COVID beneficiaries including Consumer Discretionary (+0.7%) and healthcare (0.2%) among the ‘weakest’….

One of the stocks most hammered by the COVID correction in February-March was Qantas, which plummeted from $6.67 to $2.14, a fall of 68%, as the effect of the pandemic on air travel began to sink-in to the market. Like most of its peers, Qantas found itself in “the most challenging period in its long…

It’s becoming really tricky to get income from your money these days. ASX dividend shares may be the best answer. Bank interest rates are now really low. To combat that, here are a couple of ideas: Brickworks Limited (ASX: BKW) If I’m thinking about investing for dividends, I’d be looking for a few different things. I want to…

Part of the “financial wellness” app category, WeMoney is a must-have for those that are bad with their money or anyone, for that matter, who is looking to streamline and manage multiple bank accounts. Founder Dan Joveski is a former banker at NAB and has experience with start-ups after launching a company called SwitchMyLoan, which…

And just like that, pharmaceutical behemoth Pfizer (NYSE:PFE) seemingly comes through with the goods, announcing a 90% effective COVID-19 vaccine. Global markets rejoiced, punching the air in delight screaming ‘pandemic over’. First Joe Biden is elected, the US rejoices in happiness, and now this. It could not get any better. As Bob Marley would say,…

ASX rallies on vaccine news, cyclical rotation in full flight, Westfield (ASX:URW) jumps 43.5% The ASX 200 (ASX:XJO) finished just 0.7% above open despite trading as much as 2.5% higher during the day on news of Pfizer’s (NYSE:PFE) successful vaccine trials.  For those interested, reports suggest that the treatment has 90% efficacy in protecting from…

Optimism abound, ASX up 4.4% for the week, Macquarie (ASX:MQG) profit falls 32% The week finished where it began, the ASX 200 (ASX:XJO) adding 0.8% taking the gain to 4.4% with every sector finishing the week higher.  The key driver was real estate (+8.3%) and consumer discretionary (+6.8%) businesses the key drivers as a combination of loosening border restrictions…