Continuing our Interview Series to learn how professional portfolios are managed, we go into the world of global corporate bonds for diversified income hedged into Australian dollars from liquid bond markets.
Author Archive | Graham Hand
All our ethics are different. How does an ‘ethical’ fund manager address the inevitable conflicts of competing priorities, and are there any clues for everybody in dealing with their own ethical dilemmas?
With a vast array of property choices across retail, industrial, office and commercial, where does the head of one of Australia’s largest property managers see the best opportunities, and where are the warnings?
How does a style that relies on investing in stocks the market dislikes sustain itself over time, when inevitably investors go through difficult markets until the value is realised? It’s not an easy way to run a fund manager.
Much has been written about Labor’s franking policy, so we bring together a range of possible strategies. It’s likely that even if implemented, it will not be in its current guise, so anyone affected should wait before taking action.
How does a small company fund manager identify customer loyalty, pricing power and network effects in a niche business trading at a high valuation, especially when so much value is in the future.
A fund manager on the wrong side of the market must tough it out and have the strength of their convictions, satisfied that their investment process will bear fruit over the long term. The LIC structure gives more time.
Labor’s franking credit proposal will reduce the income of many retirees who do not believe they are wealthy. Here’s an exchange with a reader who just wants an answer to “Is it fair?”
SMSFs are currently the largest segment of superannuation, but by 2020, industry funds are expected to dominate, having recently overtaken retail funds. Labor’s franking proposal will accelerate the trend.
The ‘direct investment options’ may have structural advantages for franking credit refunds, but that does not mean SMSFs do not have their own specific advantages. What’s best for the superannuant?
It’s as legitimate an investing technique to short sell an expensive company as it is to buy or go long a cheap company, with the added advantage of less competition on the short side.
The finding of the Report is that Labor’s franking credit policy is inequitable and flawed, but many say the inquiry was politically-motivated, as the Labor members of the committee deliver a dissenting report.
It’s an election budget with money to spend, driven by income and company taxes. It again relies on China, so as the economy and global growth stalls, the long-term revenues are doubtful with spending locked in.
In the 2019/2020 Federal Budget, the Government made few changes to superannuation rules to assist retirement planning.
A one-off payment to assist with rising energy bills will be paid to almost four million Australians before the end of the 2018-2019 financial year (assuming legislation passes), but who qualifies?
From 1 July 2020, Australians aged 65 and 66 will be able to make voluntary superannuation contributions, both concessional and non-concessional, without meeting the Work Test.