How behavioural biases drive the factors that underpin returns
Investor behavioural biases—like overreaction, underreaction, and conservatism—distort market efficiency and drive factor returns. These biases create opportunities for factors such ...
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Portfolio Construction: Avoiding Bad Behaviour
Category: Behavioural Investing
Produced as a companion to our behavioural investing podcast series with Ensombl, this white paper explores the outcomes of the poor investor behaviour that our biases can drive, and examines the ways advisors can better connect values, goals, and risk, to drive better advice outcomes.
Factors, Funds and Performance Chasing
Category: Factor investing
In this white paper, we provide empirical evidence for the mean reverting nature of outperformance in both Aussie equities and Aussie fixed income. We also discuss the role of investment styles and market factors in driving manager returns and how understanding these factors can lead to a more comprehensive evaluation of a manager’s true performance.
Quarterly Market Update
Category: Market updates
In our regular quarterly update, we discuss what has happened in markets for Q3 of 2024, and provide our market outlook and how this relates to our current portfolio positioning. Our quarterly update also summarises all the trades we have made over the last 12 months and our rationale for these. These are available in both PDF format and as video updates featuring Dinyar Irani and Shane Wang.
- All Categories
- Behavioural Investing
- Factor Investing
- Market updates
- Portfolio Construction
- All Categories
- Behavioural Investing
- Factor Investing
- Market updates
- Portfolio Construction
Innova Asset Management – 2025 Outlook
As we close the year, we reflect on 2024's unique market conditions and share our 2025 investment outlook. We expect ...
Ensombl ALPD, Adviser questions answered: Overcoming behavioural biases with goals-based investing
We presented an engaging session at the Ensombl all licensee PD day addressing the topic overcoming behavioural biases with goals-based ...
The Irony of Factor Investing
Factor investing offers the potential for higher risk-adjusted returns, but its success demands patience and resilience against behavioural biases. With ...
How to get the most out of ETFs
This article takes a closer look at specialised thematic ETFs. The growth in the Australian ETF market has been impressive ...
Is China the Golden Dragon again?
In this article we examine the historical and current economic context of China after the recent equity market increase. To ...
What is going on with Australian inflation?
This article discusses the unusual persistence of inflation in Australia compared to the US. It explores the reasons behind this ...
The frustrations of global macro
The article discusses the challenges of predicting macroeconomic data and its limited impact on markets. It highlights that while macro ...
Quarterly market update | Q3 2024
In our regular quarterly update we discuss what has happened in markets for Q3 2024, as well as our market ...