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ASSET ALLOCATION

A quarterly summary of finances

ASSET ALLOCATION

13.04.2017

In this quarterly report we will present the ‘central case’, that is, the assessment of economic fundamentals which underpin our …

ASSET ALLOCATION

23.01.2017

Our cautious stance in 2016 proved unwarranted as fixed income markets held onto early returns, while equities rallied into the year end. The …

ASSET ALLOCATION

22.11.2016

Since mid-year, the tone in investment markets has changed. Initially, some may have considered this just another cycle in the ‘flat but fat&…

ASSET ALLOCATION

06.10.2016

Outside of economic and company analysis, environmental, social and governance (ESG) issues have become an increasing component in judging the …

ASSET ALLOCATION

19.10.2016

The combination of relatively elevated valuations and an unsettled political world is causing skittish investment markets. In this quarterly update …

ASSET ALLOCATION

09.08.2016

The intention of asset allocation is to provide a framework for an investor to consider the rate of return a portfolio can achieve and most …

ASSET ALLOCATION

18.07.2016

In the near term we believe investment risks are elevated due to forthcoming macro events and higher than average valuations across most market …

ASSET ALLOCATION

26.04.2016

In this quarterly we discuss the degree of concentration that can be an unintended consequence of portfolio selections. We aim to express a …

ASSET ALLOCATION

09.02.2016

For some time we have guided investors towards anticipating a lower contribution from growth assets, while the yield in fixed income assets is also …

ASSET ALLOCATION

18.12.2015

The rate of global economic growth failed to accelerate in 2015, leaving the pace of expansion at just over 3%. While far from a calamity, the …

ASSET ALLOCATION

17.07.2015

Rather than Greece, the predominant global influence on Australian investment portfolios in the coming twelve months is expected to be the US, …

ASSET ALLOCATION

09.04.2015

We have tempered our expected index returns given that asset class performance has been strong in recent years and that valuations are no longer as …

ASSET ALLOCATION

21.10.2015

The past quarter has been unfriendly to investment returns, with long duration fixed income providing the best returns, making up for a weak second …

ASSET ALLOCATION

20.10.2014

The importance of monetary policy in asset values will be tested over the coming 12 months as a prospective divergence occurs in the US and UK versus …

ASSET ALLOCATION

27.06.2014

- Global outlook remains respectable, but low growth. - Inflation to date has been muted, indeed too low. Employment growth is the best indicator of …

ASSET ALLOCATION

20.01.2014

In this note we will summarise our investment asset class views for the year. In a separate note we continue with themes we believe are relevant in …

ASSET ALLOCATION

24.12.2013

Following the financial crisis, investment markets have been supported by easing monetary conditions and progressive rebuilding in business and …

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