In an investment era that feels likely to be defined by the rise and rise of cloud software platforms and iterations of the ‘as-a-service’ recurring revenue model, News Corporation (NWS) remains in many ways a throw-back investment. With a name synonymous with newspapers and traditional media formats, and a multi-national operating model borne out of extensive corporate activity over its four plus decades since incorporation, NWS is a truly unique investment proposition on th

Structured to capitalize on the Artisan Partners Growth Team’s 20-plus years’ experience of growth investing, the Artisan Global Discovery Strategy is a highly flexible portfolio of companies representing some of the team’s best ideas across the global economy. Some key attributes of the strategy include: Unconstrained Market Cap and Geographic Mandates Absent an upper limit on the strategy’s market-cap mandate, the team can stick with its global investment campaigns through

Tepid economic growth in the post financial crisis decade left investors searching for companies that could stand out from the market by disproportionately growing their profits. The technology-centric US economy became the preferred destination for capital, with profit growth far exceeding its non-US peers (Exhibit 1). This rise in profits combined with more multiple expansion drove US equities to deliver over 600bps of higher annual returns and higher returns on equity (Exh

Artisan Partners Growth Team is committed to finding accelerating profit cycles globally and investing in reasonably valued companies that are positioned for long-term growth. The team’s experience and broad knowledge of the global economy are key attributes helping it identify growth opportunities, wherever they occur, for the Artisan Global Discovery Strategy. Here, the team discusses compelling opportunities it is finding among companies leading the transition to a sustain

Global small and mid cap companies, known as SMIDs, include some of the most exciting growth opportunities in the global equity universe. We take a look at how this often overlooked asset class can fit in Australian investors’ portfolios. When investors think about global equities, the first companies to come to mind are often large cap names like Amazon, Apple, Facebook and Microsoft. But there are many smaller, lesser-known but highly investable small and mid caps (SMIDs) o

Twelve months ago we wrote our second note on Mineral Resources (ASX: MIN) titled Can Mineral Resources be a $40 stock?. Within seven months our question was answered with an emphatic yes. Like all good sequels that enjoyed debatable success, we thought why not go a trilogy? We realise we may sound a bit like a broken record suggesting parts of the company remain underappreciated but hopefully some of the areas highlighted in this note make it less pointless than the Karate K

Jared Pohl from ECP Asset Management recently sat with Zenith Investment Partners CEO David Wright to discuss the ECP way. In this short vid

Wage inflation, de-carbonisation and localisation are driving structural inflation, argues Chester Asset Management – and investors need to reposition their portfolios accordingly. Central bank policy is ultra-loose and will remain so until the US hits full employment, according to Australian equities manager Chester Asset Management – and investors must prepare for an inflationary pulse driven by rising wages. “Look no further than the Chairman of the US Federal Reserve, Jay

The title of this article is a famous quote from Humphrey Bogart which couldn’t be more apt right now. Everyone has a favourite reopening trade. With some travel names up 100% from their lows(1) and casinos partially recovered, buying into some of these names before earnings normalise has been a relatively successful strategy. Although up from its lows, a re-opening name we remain constructive on is United Malt Group (UMG), which having demerged from GrainCorp (GNC) in March

After a year many would describe as the most challenging in recent memory we are optimistic on the human spirit bouncing back in 2021. Whether it be reigniting the passion for travel, embarking on a life changing move, or simply being inspired by Cobra Kai to learn Karate we see 2021 as a year of personal exploration. “Exploration is really the essence of the Human Spirit” Frank Borman With increasing market commentary that we are at the start of a structural bull market in c

For anyone who has followed the ASX telco sector in recent years the challenges presented by the rollout of the Government’s National Broadband Network (NBN) has been stark. Together with Telstra who has faced truly unprecedented business change the previously high-flying TPG and Vocus have likewise seen their share prices come under pressure as these one-time sector consolidators have faced significant business disruption. Confronting the forced disconnection and migration o

Beginning in the 1970s, Milton Friedman and his economist colleagues at the University of Chicago successfully steered private enterprises to prioritize the pursuit of profits as their sole social responsibility. While not venturing to agree or disagree here, several forces are seemingly working together to shift this mindset. Though still in its infancy, the research and work on ESG by the Artisan Partners Growth Team for the past two years suggest a more balanced “stakehold

Amazon, Google, Woolworths, Tesla. No this isn’t an Ari Gold sales pitch(1) but rather a list of recent contract announcements by ASX companies we’ve seen greeted with enthusiastic share price reactions. Yet the reaction to government contract announcements is generally much more muted. Maybe comparing Government to Amazon as a counterparty is akin to the big value vs growth argument we’re currently witnessing but we do believe despite markets seemingly pricing in a recovery,

There is an asymmetry of information in markets which is one of the key reasons buyers and sellers are willing to transact at a given price,

There is frequent debate among market participants about which style factors will be in favor in the future: growth, value, momentum, active, passive, etc. While it is not possible to pinpoint the timing of when one style may be in favor over another, the Artisan Partners Growth Team (Growth team) believe the key element in determining the future path of a share price over the duration of an economic cycle is highly dependent on knowing which way profits are headed. To achiev

A discussion with Artisan Partners Growth Team Escalating COVID-19 concerns and Saudi Arabia’s decision to cut oil prices and boost production have prompted a sharp selloff in global equity markets in recent weeks. The Artisan Partners Growth Team is monitoring both situations closely and believe the biggest relative performance risk from here is massive volatility. While there will likely be large up days for battered sectors, the fund manager expects a drift lower on balanc

The Artisan Partners Growth team is committed to finding accelerating profit cycles globally and investing in reasonably valued companies that are positioned for long-term growth. The team’s experience and broad knowledge of the global economy are key attributes helping them identify growth opportunities, wherever they occur, for the Artisan Global Discovery Strategy. Here, the team discuss compelling opportunities among companies that are finding ways to transform how we all

A discussion with Growth team portfolio managers that manage the Artisan Global Discovery Strategy: Jim Hamel, Jason White, Matt Kamm and Craigh Cepukenas The consideration of environmental, social and governance (ESG) factors has always been an implicit part of the Growth team’s bottom-up fundamental analysis. Why has the team decided to more formally incorporate these factors into its investment process? Jim: We view the increasing importance placed on ESG factors as one of

The Significant Investor Visa (SIV) is an investment program sponsored by the Australian government that offers a pathway to permanent Australian residency. Overseas-based entrepreneurs and high net worth individuals can qualify for permanent residency by making complying investments in areas that are expected to benefit the Australian economy. To comply, investments must: ● be provided by an Australian Financial Services (AFS) licensed manager domiciled in Australia ● have

Cash and Fixed Income There are many reasons why an investor may want to include a low-risk investment such as a cash or fixed income in their portfolio. A cash fund may be an ideal investment when saving for a home or expensive asset, due to the relative stability of capital. For retirees, a cash or short-term fixed income investment may be suitable as part of a portfolio to help preserve capital and provide liquidity to meet living expenses. For accumulation investors with