Archive: May, 2023

May 31, 2023

Quality growth – the recipe for success

By Michael Gollagher

2023 has been a challenging year for stock markets, when we commenced in January we launched with a bang, with strong market returns occurring across the globe. By the time February approached volatility had set in and we find ourselves in a situation where like tropical weather, the forecast can change at a moment’s notice.
May 30, 2023

How much more financial pressure can Australian mortgagees take?

By Sean Sequeira

Talk to anyone on the street these days and the conversation will inevitably turn to how inflation is increasing their cost of living in some form or another. Inflation has risen steadily since the beginning of 2022 despite the determined efforts of Reserve Bank of Australia (RBA) to bring it back towards its target range of 2-3 per cent.
May 29, 2023

Aura Private Credit: Letter to investors 26 May 2023

By Brett Craig

Over the past decade, regulatory capital treatment has seen Authorised Deposit-taking Institutions or major Banks (ADIs) pull back from originating specialised asset-based loans, instead gaining exposure via asset-backed facilities secured by asset-based loans originated by non-bank lenders. Due to ADIs’ preference to invest only in large, mature facilities with a AAA rating, there is an inherent funding gap.
May 19, 2023

Two stocks we currently like

By Gary Rollo

  In this week’s video insight I joined Montgomery’s head of distribution Scott Phillips to discuss two stocks we currently hold in the Montgomery Small Companies Fund including insurance broking, underwriting agency and risk management businesses AUB Group (ASX:AUB) and lithium producer Allkem (ASX:AKE). AUB Group falls into the category of stable compounders, those businesses with defensive growth characteristics.
May 11, 2023

Why Australian Eagle invested in AMP

By Sean Sequeira

Back in the 1960s, AMP Limited (ASX:AMP) built the tallest building in Australia, with magnificent views over Sydney harbour. It was a symbol of the firm’s dominant place within the local financial sector.
May 11, 2023

Will the copper price hit record highs?

By David Buckland

Around 75 per cent of the World’s lithium reserves, according to the U. S. Geological Survey, can be found in Latin America (58 per cent in Chile, Bolivia and Argentina) and Australia (17 per cent). Meanwhile, China currently has 80 per cent of the global refining capacity.
May 10, 2023

Why I think tech and small caps could rally this year

By Roger Montgomery

With inflation finally coming down, it looks like the U. S. Fed Reserve could soon stop lifting interest rates and start cutting, possibly as early as this year.   That’s great news for equity markets, which tend to rally when rates are lower. And it’s particularly good news for technology stocks and small caps. U. S.
May 5, 2023

Aura Private Credit: Letter to investors 05 May 2023

By Brett Craig

Tuesday 02 May saw the Reserve Bank of Australia (RBA) announce a 25-basis point increase to the Cash Rate, bringing the rate to 3. 85 per cent. This caught the market and mortgage borrowers off guard, which had priced in no further increase. However, it remained consistent with commentary released by the RBA Governor, Phillip Lowe, in April.
May 5, 2023

March quarter update on the Polen Capital Global Small and Mid Cap Fund

By Polen Capital

On the back of an unprecedented, macro-driven environment in 2022, the first quarter of 2023 has proven no less volatile. While plenty of uncertainty remains, particularly surrounding economic growth, the trajectory of interest rates, and the subsequent impact on financial markets, global equity markets started the year in positive territory.
May 4, 2023

March quarter update on the Polen Capital Global Growth Fund

By Polen Capital

2023 began with a strong start as the U. S market tended to reward quality fundamentals in January. Concerns around inflation and central bank policy re-emerged in February when the U. S. Federal Reserve Chairman Powell remarked that rates may be kept at “a restrictive level for a period of time.


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