ETFs solving net tangible asset discount
There are several managed investment structures accessible via the Australian Securities Exchange (ASX) and Chi-X trading platforms, including Listed Investment Companies (LICs), Listed Investment Trusts (LITs), mFunds, exchange traded managed funds (ETMFs) and exchange traded funds (ETFs). These structures offer various features and benefits that have evolved in response to different market conditions Traditionally LICs…
Why has growth slowed globally?
Even before COVID-19 hit, Australia was experiencing slow growth in GDP per capita and real wages. There has been a distinctly lower rate of both economic and real wages growth since the financial crisis of 2008-09. Advanced economies around the world have, to varying degrees, witnessed the same trends. If anything, Australia has done slightly…
Markets at an inflection point
Investors who decided to “sell in May and go away” were left disappointed as May 2021 saw global equities rally 1.4% and Australian equities rally almost 2% over the month in local currency terms. Over the past 70 years the May to October period has usually been the worst 6-month period for returns but more…
CommSec Daily Report Tuesday
Latest news Aussie shares are slipping for a second day, with the ASX 200 down by ~0.5 per cent to 7,127.7 as most sectors head backwards. While this isn’t the ideal start to a new month, the index hit a fresh record high on Monday, has improved for eight consecutive months for the first time…
CommSec Daily Report Monday
Latest news The Australian sharemarket has had a mixed start to the final trading day of May, with the ASX 200 briefly hitting a fresh record high on the open before falling back at midday. For the first time in14 years, our market is still set to extend its winning streak to an eighth straight…
Why middle-aged entrepreneurs do better
Bill Gates was 21 when he and Paul Allen registered Microsoft. Steve Jobs was 22 when he and Steve Wozniak launched Apple. Mark Zuckerberg started Facebook in his Harvard dormitory. The biographies of these tech billionaires who achieved great success in their twenties has helped cement the perception that entrepreneurship is a young person’s game….
Brisbane petrol prices spike; Higher inflation
Job ads hit 12-year high after JobKeeper expiry Brisbane petrol prices spike; Higher inflation Job ads; Petrol Prices; Inflation gauge; Used vehicle market Job ads: ANZ job advertisements rose by 4.7 per cent in April to a 12-year high of 196,612 available positions. Ads have lifted for 11 successive months to be up 198.8 per…
8 cyclical stocks to play the recovery
The environment of the market has shifted dramatically. With whispers of inflation, bubbles and bond yield prices rising, we have adapted our portfolio to reflect the evolving market. In this article Vince Pezzullo, Deputy Head of Equities discusses why cyclical stocks are an attractive part of the market and reflects on reporting season and the…
Covid-19 drives petrol prices; Car prices soar
Covid-19 drives petrol prices; Car prices soar Petrol Prices; Used vehicle market Fuel prices: Last week the national average price of unleaded petrol fell by 3.6 cents a litre to 139.2 cents per litre (c/l), according to the Australian Institute of Petroleum. Used car prices: Used vehicle prices rose by 2.4 per cent last week….
Vital Signs: the pros and cons of diversity in organisations
Breaking down the old boys’ club in business, government and other organisations is intrinsically important. Ensuring greater diversity in organisations – on gender, racial, ethnic and other lines – is, simply put, the right thing to do. But some advocates of greater diversity make an extra claim: that it improves the quality of decisions, and…
