Australian Equities

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Australian Equities

11OCT 2019

WAAAX on, WAAAX off: multiples are fickle, but value is forever

With Abbey Road back in the charts and the We Co rocket failing to launch, it’s a good time to remember that cashflows still drive value, even when value is hard to find.

Videos: Fund Manager Q&As

26SEP 2019

2019

AUGUST

09AUG 2019

Australian Equities

‘You’re the star’ – the parallel between yield stocks and The Truman Show

In a political and economic landscape where extremes are the new normal separating signals from noise is important. We review recent market events and juxtapose the suite of yield stocks to The Truman Show.

JULY

23JUL 2019

Videos: Webconferences

What do record low interest rates now mean for Australian Equity investors?

Collapsing interest rates and bond yields have driven exceptional performance in many perceived interest rate sensitive stocks over the past year. Somewhat surprisingly, this has been accompanied by exceptional gains at the more speculative end of the market. Should we expect more of the same for the 2020 financial year?

03JUL 2019

Australian Equities

In theory there is no difference between theory and practice. In practice there is.

As interest rates approach zero in much of the western world, the linear relationship which economists expect from their monetary intervention isn’t quite going to plan. Rather than igniting animal spirits and spurring spending, declining rates are creating insatiable demand and stratospheric prices for safe haven assets whilst doing nothing for the velocity of money and economic activity.

JUNE

12JUN 2019

Australian Equities

Low growth outlook leads to REIT resurgence, and valuations of tech darlings surge

The renewed demand for REITs illustrates an acceptance that a long period of low growth will persist. Trying to find growth in that investment landscape means Australia’s tech darlings continue upwards – with valuations unseen since the tech bubble in 1999/2000.

MAY

15MAY 2019

Videos: Webconferences

Webcast on demand - Schroders Annual Investment Briefing 2019

Earn up to 1.25 CPD hours.

10MAY 2019

Australian Equities

Long-term sustainability has many perspectives

While finding long-term sustainable profits remains the goal for any investor, ebullient valuations in Australian Equities persist. As an area of increasing focus, sustainability encompasses more than earnings and has many perspectives. Martin Conlon, Head of Australian Equities, discusses the need for a holistic and considered approach to sustainability, sharing his views on coal.

MARCH

12MAR 2019

Australian Equities

Interest rate common sense? No thanks

As low interest rates persist following the backing away from ‘normalisation’, the markets will focus on areas where long-term value is defined as longer than six months, and on businesses where a short-term earnings result won’t derail its potential.