February Market Commentary
Ahead of the updated forecasts and comments on each of the asset classes that will follow, we will revisit several of the elements that comprise our long term expected returns....
11 March, 2015
Blog
The best managed fund
Many of our readers are familiar with the expression "past returns are not indicative of future returns". It is the standard text that comes with any advertisement or research for share market based investments. NB You will never hear this statement from your local real...
25 February, 2015
January Market Commentary
Performance in the A-REIT sector has been very strong over the last year, though this only brings our valuation assessment to the upper Fair Value range. In part this is due to the falling yields that we mentioned earlier, which are in turn reflected in...
15 February, 2015
December Market Commentary
Notwithstanding the year end move, the valuation on Australian Equities continues to look attractive, and within that asset class the highest forecast returns are for Resources and Small Ordinaries. However we should note that both of these sectors are quite volatile. We continue to favour...
20 January, 2015
November Market Commentary
It is worth noting again the divergence within International Equities. For Developed Markets we have the United States in the upper part of the Fully Priced range with relatively low commensurate returns, and most of Europe in the Cheap valuation band, though not without some...
11 December, 2014
October Market Commentary
The primary tool that the world’s central banks have at their disposal is to set short term interest rates, from which other investments are priced either directly or indirectly, using this cash rate as a reference. We often refer to it as a risk free...
03 December, 2014