International Equities: active vs multi-manager vs ‘smart-beta’ strategies
The featured chart plots the rolling 5-year excess returns and active risk (aka tracking error) outcomes of: (i) MSCI's factor [...]
18
12, 2020
1
12, 2020
International equities: where’s the Value ?
Further to our recent post on Sector Valuations which looked at the current & historical CAPE leveIs of MSCI equity [...]
27
11, 2020
International Equity Exposure: pick the strategy ?
The Accumulation chart decomposes the strategy's returns into: (1) market returns [yellow]; (2) factor returns [grey]; and (3) non-factor (alpha) [...]
26
11, 2020
Sector Valuations: MSCI World Ex-Australia
Being primarily interested in longer term valuation metrics, the CAPE ratio applies real earnings per share (EPS) over a 10-year [...]
14
10, 2020
Australian Equity Models: time to get more active
The relevance of active management The relevance of active management continues to be questioned, particularly under conditions awash with liquidity. [...]
14
10, 2020
Australian Equities: Active Risk v Excess Returns
Australian Equity Models: Managing Risk & Return Outcomes The chart looks at the risk & return outcomes of factor based [...]
8
04, 2020
Speaking of Alpha Generation
The charts show the average non-factor returns (commonly referred to as idiosyncratic returns or alpha) generated by our short-listed Australian [...]
7
04, 2020
Taking A Look At the Latest CAPE Valuations
Each quarter we update the equity valuations of the markets we invest in. Being primarily interested in longer term valuation [...]
6
04, 2020
Risk Spikes by 400%+ Across Growth Assets & 100%+ Across Defensive Assets
Each month, we monitor the risk levels of each sector we invest in, with the recent spike being nothing short [...]
30
03, 2020
To de-risk or to hold…that is the question
The question for many investors is whether to hold their portfolios or to de-risk by selling into the recent rally. [...]
4
11, 2019
YIELD CURVE INVERSION: TIME FOR PRUDENCE ?
The yield curve is said to be negative or inverted when long term bond yields (generally 10 Year bonds) are [...]
1
06, 2018
Of Super Importance
Not All Balanced Super Funds Are Equal Balanced Industry Super Funds have generally outperformed retail benchmarks by assuming more risk. [...]
30
05, 2018
The Future of Advice
Separating Planning and Portfolio Advice DFS Portfolio Solutions Principal, Stephen Romic, addresses the future of Financial Advice, which is based [...]
10
04, 2018
We trust markets as much as
you trust Melbourne weather!
The US equity market (S&P500) experienced a drawdown of 10% since 26 January 2018 and is now experiencing higher [...]
27
07, 2016
Stablising portfolio risk in an uncertain world
The way we think about risk is closely aligned to the way clients think about risk. Our objective is [...]