An investment company with both charitable and performance goals is expected to list on the ASX in November 2018. Besides a high conviction equity portfolio, it will invest in medical research.
Author Archive | Chris Cuffe
An innovative idea to donate to charities the fees paid by investors in a fund has become an annual flow of about $2 million to needy causes as the 10th anniversary is reached.
Despite advances in technology in many parts of asset management, that most fundamental step – the application process – often bewilders investors. Time for the industry to step up and coordinate a solution.
Listed Investment Companies on the ASX are currently worth about $37 billion, but their reporting of performance should improve to give investors a better basis for comparison.
Investing in unit trusts just before a distribution is paid may see a portion of your capital returned to you in the form of taxable income, which will be a poor outcome for your returns.
The 50% CGT discount has little justification during low inflation and it encourages capital gains over income. The preferable system is the indexation in effect prior to 1999, and it will help housing affordability.
The Third Link Growth Fund donates the fees charged for managing the investments to children’s charities. Based on Chris’s ability to select good fund managers, it has created a win-win for investors and young people.
Investment terms such as ‘defensive’, ‘growth’ and ‘risk’ are used heavily by professionals and retail investors alike, but these words can be misleading as they depend on the context and investors’ goals.
Every experienced investor develops a set of beliefs about how markets operate, and finds the proof points to defend those views. Managing the Third Link Growth Fund has taught Chris some unconventional lessons.
Although the end of the financial year is near, there is still time to establish a tax deduction in a sub-fund within a public ancillary fund – a simple philanthropic structure that allows a planned approach to charitable giving.
Most people do not spend enough time thinking about achieving the best outcomes from their estate. Here’s a novel idea: set up a trust to look after the medical and education needs of all your descendants. Forever.
A combination of confidence in one’s own ability to read the market and the excellent rewards for correct predictions encourages many investors to employ tactical asset allocation strategies. Is it worth doing?
Investment is more art than science, and even an investor who prefers a ‘buy and hold’ long term strategy will need to adjust the portfolio. When you think your portfolio is finally set, something will happen to test your resolve.
The funds management industry is undergoing consolidation and evolving rapidly, under pressure to provide better service and high returns while cutting costs. Chris Cuffe discusses the present and the future.