Sep 18
Source: RBA, Delta Research & Advisory Bizaarely as it seems but the above chart shows that over the last month the Australian Government Bond Yield curve has barely budged. There’s really no more than 5 to 10 bps difference across all terms and when you consider the various big announcements, economic results from here, overseas …
Sep 13
My new company, Delta Research & Advisory, has recently conducted some risk factor analysis of Australian fund managers and it is starting to yield some interesting results. We’ve analysed around 120 managers using Fama/French-like risk factors where thhe value/growth factor is simply MSCI Australian Value index minus MSCI Australia Growth index and the Size factor is MSCI Australia …
Sep 04
Not a great deal of posting the last couple of months due to a combination of conferences, flu, and just plain busy so hopefully I can increase the frequency moving forward. A couple of weeks ago I was at a conference and Modern Portfolio Theory was receiving an absolute caning from those on stage. They …