Value vs. the Market During Recessions
While value stocks are often assumed to perform poorly during recessions because their earnings are more economically sensitive, history shows ...
Insights Education Centre
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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 Q1 of 2026, 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 3 months and our rationale for these. These are available in PDF format.
- All Categories
- Behavioural Investing
- Factor Investing
- Market updates
- Portfolio Construction
- Thought Pieces
- All Categories
- Behavioural Investing
- Factor Investing
- Market updates
- Portfolio Construction
- Thought Pieces
2025 Review & 2026 Outlook
In 2025, markets were shaped by an early surge in volatility following tariff announcements from the new Trump administration, before ...
Valuation Catalysts
Valuation discipline rests on a simple idea: paying too much for an asset usually leads to weaker future returns, while ...
EOFY Super Fund Returns, Transparency, Oranges and Unicorns
As EOFY super fund returns roll in, comparisons dominate headlines and marketing material alike. But headline numbers rarely tell the ...
EOFY Market Update and Outlook | 2025
The first half of 2025 has been defined by sharp macro disruption and significant market divergence. Donald Trump’s return to ...
Financial Economy & Real Economy
The financial economy involves markets and assets like stocks and bonds, while the real economy focuses on the production and ...
Starting Valuation – Part 2
High starting valuations don’t just affect long-term returns—they also increase short-term risks and volatility. Learn how market pricing influences the ...
Quarterly market update | Q2 2025
In our regular quarterly update we discuss what has happened in markets for Q2 2025, as well as our market ...
Quarterly market update | Q1 2026
In our regular quarterly update we discuss what has happened in markets for Q1 2026, as well as our market ...