Trump is president of the US again, his second bite of the cherry after a brief four-year interlude. What could this mean for portfolios?

We’re excited to share that in its latest review, Lonsec has rated all Mutual Limited funds as “Recommended.”

In his latest quarterly review, Rob Tucker analyses sector performance, identifying which sectors are overvalued and where Chester is taking a constructive portfolio approach. Rob also explores how Chinese fiscal stimulus and the looming US election could shape market dynamics over the next 12 months, and highlights some standout stocks within the portfolio, including Westgold Resources and Austal. Watch the full video below.

We are pleased to announce that Lonsec has upgraded the Chester High Conviction Fund to its highest rating, "Highly Recommended."

Scott Rundell sits down to discuss the recent trends with the RBA, Federal Reserve and what the outlook is for the interest rates in Australia and the US. The topics covered are: - The Federal Reserve's recent rate cut and its potential impact on the RBA's cash rate. - Historical comparisons of Fed and RBA policy strategies and how they have aligned or diverged. - Market dynamics influencing the differences between monetary policy effectiveness in Australia and the US

Stocks saw little movement following the announcement Bonds were muted on the statement, but rallied following the press conference The statement from the RBA remains broadly hawkish, with a focus on core inflation and ignoring false dawns The next meeting in scheduled for November, but it is not expected to be a ‘live’ meeting The September 2024 RBA Monetary Policy meeting was held yesterday. The board elected to leave policy settings unchanged, which was universally expe

The Australian bank regulator, APRA, is proposing to phase out Alternative Tier 1 capital (‘AT1’ or ‘Hybrid’) securities for local banks. As existing AT1 paper reaches its call date, the last being in 2032, banks will be required to replace it with Tier 2 capital. By 2032 bank AT1 securities will cease to exist, which leaves a bit of a hole in retail investors investment universe. In this piece I discuss a couple of viable alternative asset classes to AT1, and a couple of our

Late last year APRA announced it was reviewing whether AT1 securities were fit for purpose as effective loss absorbing capital.

You should know my views on private credit by now, but if not, I’ll refresh your memories. I’ve done private credit in the past, didn’t enjo

The August reporting season has highlighted two ongoing trends that have persisted over the past year. Firstly, the banking sector continues to outperform the resources sector, solidifying its position as a leading force within the ASX 300. Secondly, the technology sector's strong earnings per share (EPS) momentum continues to be rewarded with price-to-earnings (PE) expansion.

Chester Asset Management Portfolio Manager and Managing Director Rob Tucker highlights key stock decisions within the Chester High Conviction Fund during the June quarter. The three stocks - two buys and one exit - reflect Chester’s focus on asymmetrical risk – the upside versus downside risk of all stock positions in the portfolio. Rob describes what’s top of mind for Chester looking ahead. In light of a relatively calm equity market in the first half of 2024, Rob believes s

Private credit has attracted a lot of attention in local markets over recent months. One could say it’s the new ‘black’ of the investment world. In this piece, I’ll provide my thoughts and opinions on the sector, specifically some of the risks and pitfalls investors should be wary of if considering an allocation. In doing this I’ll also articulate why we don’t participate in this part of the market. A few recent publications linked below also shed some light on the asset clas

Understanding the health of the global consumer is essential to forecasting economic growth, considering that consumer spending contributes nearly 70% of US GDP. While the Artisan Partners Growth Team cannot precisely predict the onset of a recession, they are are less interested in businesses dependent on economic growth as the primary driver of their fundamental improvement. Instead, the team focus on identifying high-quality franchises exposed to secular trends and interna

Market pricing for the end of year cash rate was largely unchanged through May, with no rate cuts priced in until well into 2025, likely around mid-year at this stage. The recent inflation data has further cemented the growing belief that rate cuts are not imminent. While markets are not pricing in rate cuts for 2024, median consensus expectations are for one cut by year end, either at the November or December meeting. Click below for monthly reports: Mutual Cash Fund Mutual

Below we try to summarise the key points around demographics for the two most populous nations on the planet; China and India, as well as Au

The Premium Small Companies Fund has been awarded the prestigious 2024 Money Management Fund Manager of the Year Award