Investment research

Going underweight US tech stocks

Global equity investor Hexavest has gone underweight the US market, including its large tech stocks, citing a number of indicators that point to a deteriorating macro environment. Hexavest is a contrarian investor and its current position is informed by a…

Rush to super fund consolidation needs a rethink

With further consolidation in the superannuation industry a certainty, asset consultant Frontier Advisors has investigated whether there is evidence to back the arguments commonly used to support the push for fund mergers. It is not convinced. Over the 10 years…

Senior executives first pick for board seats

The most desirable experience for aspiring ASX 200 board members is a senior executive position, in particular roles with P&L responsibility, according to a new survey. The 30% Club and EY joined forces to discover the experience and journey necessary…

The new ESG push: annual director elections

State Street has called for a debate on Australian board accountability, arguing for annual elections for all directors. Rakhi Kumar, head of ESG investments and asset stewardship at State Street Global Advisors, says a debate on the issue is overdue…

Global equity managers look beyond FAANG

Investors seeking long-term returns from international equities need to look beyond the current crop of market heavyweights. Move over FAANG, a new group of disruptors will lead the S&P 500 a decade from now. The Facebook, Apple, Amazon, Netflix and…

Small caps provide access to innovators

Fund manager Sam Twidale says that for a long-term investor, short-term volatility creates opportunity. If that is the case Twidale has had plenty of opportunity lately. Twidale is the portfolio manager for the DNR Capital Australian Emerging Companies Fund. The…

Concentrated equity a winning strategy

Researcher Morningstar downgraded five Australian equity funds in its latest review of the sector, reflecting the increased scrutiny that active equity managers have come under in recent times. It also found that concentrated equity funds have produced consistent outperformance. Listed…