Sort By
  • Newest

  • Newest

  • Oldest

  • Author Name

  • Author Name

  • David Chaplin

  • Drew Meredith

  • Giselle Roux

  • Greg Bright

  • James Dunn

  • Lachlan Maddock

Value’s waking nightmare ends

Market conditions have shifted dramatically in recent months. But while growth strategies have suffered significant pain, value investors are finally proving their bona fides. While total returns for value investing have been reasonable – annualizing 12 per cent over the decade to 31 May – value investors have still struggled to match the stratospheric returns…

Lachlan Maddock | 22nd Jun 2022 | More
Extreme weather, persistent inflation: ‘peak fear’ is here

Wildly anomalous times are giving rise to a new inflationary paradigm, and Lazard’s Ron Temple has climate change, mitigation risk, and equity duration on his mind. “The challenge here for the Fed is that we have price increases that are outpacing wage increases; rent increases that are accelerating; and the worry that workers don’t go…

Lachlan Maddock | 1st Jun 2022 | More
Morningstar’s wake-up call for theme-dreamers

Global research house, Morningstar, has prepped investors for disappointment amid a boom in thematic funds. In a new report on the sector, the researcher notes that while thematic funds have experienced record growth in recent years as well as outperformance, history suggests the good times won’t last for long. “Over the past 15 years, more…

David Chaplin | 20th Apr 2022 | More
  • Listed managers down but not out

    Many listed managers have been dragged back to earth in the recent spate of market volatility, but Morningstar believes some of the strongest names are oversold – and that they’ll soon mount a recovery. It’s the classic path from (somewhat) overhyped to (heavily) oversold. The share price of Magellan has fallen some 74 per cent…

    Lachlan Maddock | 23rd Mar 2022 | More
    Rest hands ESG mandate to Calvert, Parametric

    The $60 billion industry fund has appointed Calvert and Parametric to implement sustainable screens across its real assets portfolio. Rest has awarded an enhanced ESG mandate to Parametric and Calvert to provider further diversification to its Sustainable Growth ethical investment option. The mandate will see Rest implement ethical and sustainable screens and tilts across its…

    Staff Writer | 12th Feb 2022 | More
    Douglass departure has silver lining

    Magellan’s funds are unlikely to survive the departure unscathed, but commentators seem to believe the business will be better for the long-term. There seemed to be little sign that Hamish Douglass was in distress last week. He happily talked his book at a Morningstar conference as a horde of retail investors grew increasingly frustrated on…

    Lachlan Maddock | 9th Feb 2022 | More
  • Hamish Douglass is hoping for rain

    An ugly situation in markets could be just the thing Hamish Douglass needs to reverse the fortunes of Magellan. But there’s no telling what will happen when it arrives. Hamish Douglass is hoping for rain – or really, the whole storm. He can’t guarantee that Magellan’s flagship global equities fund will do better in one,…

    Lachlan Maddock | 3rd Feb 2022 | More
    ‘Not a colossal train wreck’, but bubble warnings abound

    As investors speculate on whether the bubble will pop or already has, there’s fewer and fewer safe havens to be found. But it’s worth remembering that it’s not necessarily the end of the world. Yes, the bubble is going to pop, has popped, or is popping. Investors are either about to feel the pain or…

    Lachlan Maddock | 3rd Feb 2022 | More
  • Proxy advice reforms savage investor outcomes: Morningstar

    Josh Frydenberg’s unilateral changes to proxy advice regulation look increasingly unjustifiable. The question that remains is why they were forced through in the first place. The changes, rammed through in late 2021 using regulations powers, will make it nearly impossible for the Australian Council of Superannuation Investors (ACSI) to operate with a requirement that it…

    Lachlan Maddock | 14th Jan 2022 | More
    Big investors demand more, more, more

    An investor wish list shows how much we’re getting wrong. But it’s a long road to getting things right. One on one, big investors are usually loathe to suggest that governments could be doing more on decarbonisation, regardless of how true – and obvious – that statement is. Allow them to comment anonymously and that…

    Lachlan Maddock | 5th Nov 2021 | More