The March quarter was,to borrow a football analogy,a game of two halves.In our January commentary we addressed some of the concerns in the market about the spike in volatility,and pleasingly many of these have abated significantly in the latter half of February and through March.The...
The calendar year just completed saw the Australian economy grow by 3.0%. Not only did the final quarter growth for 2015 beat expectations, but the Q3 growth was revised up, and in their comments on the data economists from ANZ Bank said the detail was better...
A discretionary family trust is structure to hold assets in the name of an entity on behalf of family members. A trustee is appointed to manage the trust and the assets are all registered in the trustee’s name and are held by the trustee on behalf...
Most people assumed that given the age difference between Lawrence and myself (15 years) that I was his mentor. But I learnt at least as much from Lawrence as he did from me....
[caption id="attachment_3626" align="alignnone" width="1261"] The table above has been updated to reflect market moves through mid-January, rather than showing the December 31 index values as would normally be the case. We have done so to provide a more accurate reflection of the valuations subsequent to...
While valuation is not a timing signal or an effective indicator of short-term performance, over longer periods it is absolutely the most important determinant of portfolio outcomes. We will focus our initial comments below on the Australian economy, including the extent to which we are managing...