How exposed are you to Australian banks?

Published: September 5, 2014

The outlook for banks We believe that banks look fully priced for a rising market. The key weakness of the Australian banking system is a low level of deposits relative to loans. To cure this, banks are ‘overpaying’ for deposits, and it’s our view that this isn’t going to change any time soon. Indeed, this […]

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How long can interest rates remain on hold?

Published: September 5, 2014

More work to be done to stimulate the economy Rates have been reduced to help stimulate the economy. Lending rates on housing and business loans have decreased, and this has seen a pick-up in house prices, approvals to build new homes and some improvement in retail sales. However, the Australian dollar remains high, and with […]

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Market Watch – August

Published: August 5, 2014

Download Market Watch – August edition and read the full report. In this month's issue:Australian dollar: where to next? 5 things investors need to know about hybrid securities Infrastructure boom: Opportunities for industrial property Natural gas extraction: What’s the ‘fracking’ problem

Market Watch – July 2014

Published: July 3, 2014

Download Market Watch – July edition and read the full report. In this month's issue: In a low yield environment, we consider some income opportunities outside of term deposits. As Iraq and Europe come into focus, we explore the key issues and what they mean for investors

Market Watch – June 2014

Published: June 10, 2014

Download Market Watch – June edition and read the full report. (1.5 MB file) This month's topics are: Despite some prospects of a bumpy ride there is a positive outlook for shares this year. A more selective approach to investing in the emerging world is ideally now required. The Westfield proposal is in a holding […]

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Market Watch – May 2014

Published: May 19, 2014

Download Market Watch – May edition and read the full report. (190 KB file) In this edition: In balance, we are in an investment friendly environment. A health check on the residential housing sector. Microsoft well-placed to reward investors. The National Commission of Audit – what is it and what does it mean to Australians?

2014-15 Federal Budget Summary

Published: May 14, 2014

1. Superannuation 1.1 Superannuation Guarantee (SG) rate – Change to increase schedule Proposed effective date 1 July 2014 The Government will change the schedule for increasing the SG rate. SG contributions are the compulsory super contributions made by employers into the super accounts of eligible employees. The current SG rate is 9.25%. The SG rate […]

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Market Update – April 2014

Published: April 17, 2014

Download Market Watch – April edition and read the full report. (319 KB file) In this edition: The public jury is out on Japan’s bold plan to awaken its economy – on the ground sentiment is optimistic. A success and some set-backs surrounding the US stimulus unwind. Domino’s Pizza continues its global expansion into Japan. […]

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Market Watch – March 2014

Published: March 13, 2014

Download Market Watch – March edition and read the full report. (211 KB file) In this edition: It will pay to look at the composition of China’s economic growth, rather than focus on the final number. Reinvesting dividends lifts total returns for share investors above the price index. Corporate reporting season results in good surprises. […]

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Market Watch – February 2014

Published: February 20, 2014

Click here to download Market Watch – February edition and read the full report. (785 KB file) This edition: With time, wealth grows for those who remain committed to their long-term strategies. Status quo for the A$ is expected to be down down. We would argue that the prospects for emerging markets are superior to […]

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