Podcasts

Ian Gillies talks to Will Hamilton, John Green and Kane Baranow about the first quarter of 2019 calendar year.

They also discuss our approach towards markets for the remainder of the calendar year and why.

Ian Gillies talks to Will Hamilton and John Green regarding the bounce in markets as the US S&P500 has rallied over 11 per cent this calendar year and when we say fade the rally what does that mean and why?

February is also conference season for the wealth management industry in Australia, as global economists, strategists and fund managers escape the northern winter and head to the sun and warmth to provide their insights for the year ahead. We discuss as well our observations from having attended conferences last month.

John Green talks to Will Hamilton about market volatility, the UBS Global China Conference in Shanghai and why we saw markets bouncing.

Remember that equity market crashes occur when investors overestimate returns and underestimate risks. Market valuations are attractive, expectations are very low, and an awful lot of bad news is priced in.

Ian Gillies talks to Will Hamilton, John Green and Kane Baranow about our Asset Allocation position and outlook as we head into 2019.

We believe 2019 will be about the change from quantitative easing or QE to quantitative tightening or QT, with the balance sheets of major developed market Central Banks contracting.

London-based Capital Economics reported that for the first time in over twenty-five years, 2018 was the year when all ten major asset classes have delivered negative returns, therefore as we enter 2019 asset allocation becomes absolutely crucial.

Ian Gillies talks to Will Hamilton, John Green and Kane Baranow on our outlook for asset classes together with performance for the quarter and financial year.

We  also discuss how the environment of Quantitative Tightening (QT) is a known unknown, just as Quantitative Easing (QE) was.

Finally we draw your attention to our articles, published through The Australian and interview in The Constant Investor on how we believe the abolition of rebates for excess franking credits is wrong, it is discriminatory against retirees and those with a Self-Managed Superannuation Fund (SMSF), and the petition being promoted by Geoff Wilson of  Wilson Asset Management (“WAM”).

Ian Gillies talks with Will Hamilton and John Green, regarding:

• Having defensive positioning in portfolios is important, however we would argue that where fixed income markets are positioned now, cash can provide a return in excess or equal to that of government bonds with a reduced risk profile.
• In recent years, private markets – or illiquid investments – have become a crucial part of portfolio management in regions such as Europe. This is due to low-income returns from the public markets, especially on the back of low or even negative interest rates in fixed income.
• The S&P 500 in the Unites States (US) has not fallen by more than 20 per cent since the last recession. As such the S&P 500 has been in a “bull market” that on the 22nd August became the longest ever “bull market”. The natural question for many is how long will this last?

Will Hamilton, Ian Gillies and John Green discuss investment markets, their concerns and fixed interest.

“We live in interesting times. As we have repeatedly mentioned for the last 2 years, the largest threat to markets is rising interest rates.

Firstly, to you Will, how do you see the markets reacting? …”

Click on the podcast link below to learn more.