Just to sort out the differences which by their name alone doesn’t appear to be much… · Credit Suisse International Fixed Interest is a global bond fund and has been sold to Aberdeen…its quite a conservative fund that invests in very high rated fixed interest investments…on the other hand… · Credit Suisse Global Income is …
Category Archive: Uncategorized
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Jan 21
Tactical Asset Allocation in the Defensive part of the portfolio
I received a call from an adviser earlier in the week who wanted my opinion in terms of increasing a client’s allocation to Colonial’s cash account and reducing the allocation to Colonial’s Diversified Fixed Interest fund. For 2008 these 2 funds returned around 6.5% and 0.1% and the adviser’s thoughts were that these returns suggested …
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Jan 20
Volatility ‘and Fear’ Creeping up
Source: Bloomberg The above chart is everyone’s latest favourite, the VIX index (otherwise known as the Fear Index). Today it closed at 57, up from 50 at the start of the day, and as can be seen it is creeping back up towards those October and November levels. Given the S&P500 closed down today by …
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Jan 20
Trends for 2009
Demise of the “absolute return” hedge fund…they said they can provide positive returns in any market and in 2008 they didn’t deliver. Marketing hype that will hopefully go away and replaced with full transparency that discloses where their true risks lie. On the positive side, many hedge funds are wonderful investment vehicles that have the …
Jan 19
Short Selling Ban
This morning, The Sydney Morning Herald suggested that when the short selling ban is lifted AMP, NAB, QBE and Wesfarmers are stocks that are “most likely to come under pressure”. If this is true, what on earth do hedge funds or short sellers know that the rest of the “long only” funds management industry, stock …
Jan 19
What will the RBA do next?
If you want know what the RBA is likely to do next, there is probably no better chart to look at than the yield curve of Australian Government Bonds. With the lowest point being around 2.75% at the 2 year maturity and the 15 year rate barely above 4%, clearly the market believes rates are …
Jan 19
Fund Suspensions -Who, Why, When, How, and What’s next?
Who has suspended? Please note the following list includes funds that may or may not be on the Guardian FP/ Cameron Walshe/ Standard Pacific Approved Product Lists. · Alternative Income…numerous funds with exposure to CDOs and lower grade credit o Challenger High Yield o AMP Enhanced Yield · Hybrid Property…effectively all funds that contain both …