Zenith

One of the most bitterly divisive US presidential elections in history has investors on edge. While it will ensure market volatility, long term it’s the economy that will dictate how markets perform.

Growth in superannuation drove Australia’s managed fund industry to near-record levels in the December 2022 quarter. While most asset classes delivered positive returns and Australian equities outperformed, investors are looking more to offshore assets for portfolio diversification.

Regardless of which name you know it by, private credit, may just be the most popular asset class of 2020. The concept of private debt is straightforward, it involves lending money to private rather than public or ASX-listed companies. Almost every reader of this newsletter will have made a fixed income or bond investment at…