Nov 29
I just did an interview with Money Magazine about investing in Asia and I have to admit that it is one of the most popular requests I’ve had in recent years from advisers and/or their clients. The main reason for the request is that investors want exposure to the strong Asian economic growth story (which …
Nov 17
This week I read a couple of articles on US Life Expectancy trends that got me curious about the situation in Australia…the articles were written by Paul Krugman and Aaron Carroll and basically implied that life expectancies aren’t increasing as much as everyone thinks and if you think that the age pension age should be …
Nov 15
Source: RBA I’ve uploaded the above chart in preparation for a presentation I’m giving tomorrow on portfolio construction. Anyway, the message isn’t really a great deal different from previous posts commenting on the Government bond yield curve. Namely, Interest rates are very low…you should be able to get some nice low fixed interest rates for …
Nov 09
Its widely agreed that size-weighted fixed interest benchmarks are a poor construct when it comes to creating the optimal fixed interest portfolio. The logic from most people goes along the lines of “why would I accept the index as optimal and overweight my portfolio with the biggest issuers because they are the riskiest and more likely to default …
Nov 09
There’s a brief article in today’s Investor Daily News that comments on “Managed Volatility” being the strategy to maximise returns…article here. I have to admit that I believe this strategy will be one of the new trends in equity focused managed funds over the next 12 months or so. Empirical evidence over the years the …
Nov 08
Source: MorningstarDirect The above chart shows the performance of the MSCI Australia Value index versus the MSCI Australia Growth index over the last 12 months (in fact through to close of trading yesterday). There’s obviously a hug divergence in performance as the Value index has returned more than 21% whilst the Growth index has barely …
Nov 06
No its not my quant view but the famous Macquarie Research quant research paper on the Melbourne Cup can be found here… MFS Equitiess Research – Melbourne Cup Research! Send article as PDF