NEWS
Not having cash can be costly, but so can sitting on it - how not to make that...
As I reflect on the financial year just gone past it goes without saying that navigating markets through the challenges of COVID has certainly been an experience.
But there was also a big lesson that I'm sure many investors can...
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Infrastructure Spending Emerging as the Focus
After the heavy contractions in GDP throughout the world following the COVID pandemic, governments are under a lot of pressure to directly boost GDP. With borrowing costs low, one area that is increasingly in focus is infrastructure where...
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Serial acquirers: A dangerous addiction or underappreciated compounders?
A widely accepted maxim in the value investing ideology is the notion that acquisitions destroy value. Indeed, few topics seem to enjoy such a cheery consensus amongst analysts, experts, and academics.
Despite the evidence that...
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Healthcare - An Attractive Opportunity
Demand growth for healthcare services is not tied to the economic cycle, which all else being equal, has historically made healthcare companies attractive investments, particularly during cyclical downturns. This downturn has been somewhat...
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Corporate bond investors should be careful what they wish for
Is central bank support for corporate bond markets truly unlimited? Our sense is decidedly not.
Corporate bonds are not a natural asset for central banks to own and investors need to be aware of the risk that central bank...
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Is There Something Systematically Wrong with Victoria's COVID-19 Performance?
Our data scientists' analysis of Victoria's COVID-19 infection trajectory has unearthed a disturbing finding: it would appear that since April our southern neighbour has systematically underperformed the rest of Australia's key...
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Surviving the Dividend Drought
The nature of the post COVID-19 business operating environment is unclear. Consumer willingness to go out and employee caution and practicalities of a return to the office will weigh on consumption.
Businesses have deferred...
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Is it Time to Invest in the Great Australian Dream?
COVID-19 has posed an incredible challenge to the Australian economy. Following broad stimulus measures, more recently Federal and State Government attention has narrowed to specific sectors. The highly cyclical housing construction sector...
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Will COVID-19 Cripple the 4 Banks?
Bank profits have been falling since 2015, but the latest half-year was particularly dismal. Loan growth was weak even before COVID-19 arrived on the scene, and the banks were already paying hefty remediation charges for their crimes...
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Manager Insights | Kardinia Capital
Australian Fund Monitors speaks with Kristiaan Rehder, Portfolio Manager of the Bennelong Kardinia Absolute Return Fund. Kristiaan shares his views on recent market activity and gives an update on how Kardinia Capital have positioned the...
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