Investor Insights

MONTGOMERY OFFERS A
SECOND INCOME STRATEGY
THROUGH A PARTNERSHIP
WITH AURA GROUP

Montgomery Investment Management is delighted to announce its
second fund in partnership with Aura Group.

Montgomery will offer the Aura Core Income Fund which aims to preserve
capital and provide stable monthly income and portfolio diversification through
exposure to a pool of Australian private debt assets predominantly made up of SME loans. 

 

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Popular & Featured

March 17, 2023

What constitutes a quality business?

By David Buckland

With the demise of Silicon Valley Bank (SVB) and the effect on Credit Suisse – its share price has declined 90 per cent in five years to CHF1. 70 – I thought it appropriate to return to basics and dig a bit deeper into what constitutes a “Quality” business, also known as a “Compounding Machine”.
March 16, 2023

What does the U.S. yield curve tell us about recessions?

By Roger Montgomery

Today, the vast majority of the U. S. yield curve is negatively sloped. Every time this has happened in the past, a recession soon followed. This is no doubt troubling for those adversely affected. But, as an investor, I am not unduly concerned – any market turmoil could present opportunities to invest in quality businesses at bargain prices.
March 3, 2023

Why Private Debt may be superior to bonds

By Roger Montgomery

Looking for a higher rate of income? Who isn’t? But are bonds best? For decades investors have been told bonds provide uncorrelated ‘ballast’ for a portfolio of shares whilst generating much-needed regular income. The idea has been that shares offer growth, with bonds also offering diversification and stability.
February 23, 2023

Gary’s best and worst pick from reporting season so far

By Scott Phillips

  In this video Scott speaks with Gary Rollo, portfolio manager of the Montgomery Small Companies Fund on an update on small caps reporting this results season. There’s been more beats from an earnings point of view than misses, but that’s looking backwards.

Learn About Investing

In this section we explore investing basics, common themes and information to help guide your investing journey. 

The information provided is general information only. The information does not take into account your investment objectives, financial situation or particular needs. You should consider your own investment objectives, financial situation and particular needs before acting upon any information provided in this document and consider seeking advice from a financial adviser if necessary.
March 17, 2023

What constitutes a quality business?

By David Buckland

With the demise of Silicon Valley Bank (SVB) and the effect on Credit Suisse – its share price has declined 90 per cent in five years to CHF1. 70 – I thought it appropriate to return to basics and dig a bit deeper into what constitutes a “Quality” business, also known as a “Compounding Machine”.
February 22, 2023

If you are an income investor, it pays to think long-term

By Roger Montgomery

The past year has seen a distinct switch in investor focus from growth to yield. The irony, of course, is that many so-called ‘dividend stocks’ can be long-term wealth killers.  And that’s why we prefer quality businesses – like CSL – which can grow both their market value, and their dividends, over time.
February 16, 2023

The behavioural science of markets

By David Buckland

  In this week’s video insight David delves deeper into the behavioural science of investment markets.   The global economic environment, according to the consensus, will deteriorate as 2023 progresses, but with that said risk is not necessarily inherent in an investment; it is always relative to the price paid.

Latest Insights

March 16, 2023

What does the U.S. yield curve tell us about recessions?

By Roger Montgomery

Today, the vast majority of the U. S. yield curve is negatively sloped. Every time this has happened in the past, a recession soon followed. This is no doubt troubling for those adversely affected. But, as an investor, I am not unduly concerned – any market turmoil could present opportunities to invest in quality businesses at bargain prices.
March 14, 2023

Aura Private Credit: Letter to investors 10 March 2023

By Brett Craig

The RBA is “resolute in its determination to return inflation to target and will do what is necessary to achieve that.” Last week’s 25 basis point rise to the official cash rate, now sitting at 3.6 per cent, forms part of the RBA’s approach to reign inflation back into the 2-3 per cent target range, implying that further pain is ahead.

March 10, 2023

Let down by bonds? Private debt is worth a look

By Roger Montgomery

For all the doom and gloom being proffered by various analysts it might surprise you to learn the Australian economy is actually growing. And it grew 2. 7 per cent over the last year. Sure, the rate of growth might be slowing, but we’re still growing.
March 9, 2023

Is QBE finally back on track?

By Sean Sequeira

Just a cursory glance at the share price history of QBE Insurance Group (ASX:QBE) is enough to scare most investors away. After hitting a high of around $34 back in 2007, the stock has more than halved to around $15.

Media Clips

February 17, 2023

Ausbiz: How to separate yourself from the market’s distracting noise?

By Roger Montgomery

With an inflation rate of 6.4 per cent, the U.S. economy is still experiencing inflation, making Gold, Real Estate, Commodities and high fixed cost, cyclical producers investments worthy of consideration.  But that inflation rate is coming down.  It’s not uncommon for markets to fall amid fear an ‘event’ might occur and then rally when the event does occur. In my conversation with ausbiz we cover how the U.S. economy is growing, which means we are on the right-hand, ‘boom’, side of the matrix. 

February 10, 2023

ABC The Business: Can the stock market rally continue?

By Roger Montgomery

Roger joined Kathryn Robinson on ABC The Business to discuss current market conditions. With sharemarkets rallying around the world, does this make economic sense and can the rally be sustained? Meanwhile, predictions of recession leave investors in fear about company earnings growth.  
February 8, 2023

ABC Nightlife: Future performance

By Roger Montgomery

Roger joined Philip Clark on ABC Nightlife to discuss whether historical trends and precedents can help guide you in the future. Discussing the issues weighing on financial markets and if there could be a bull market happening this year. In the very worst years, when the market fell between 30-50 per cent, after those years what we find is that the pendulum then swung almost completely the other way.

 

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