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Be careful how you invest in equities during the ‘retirement risk zone’

Be careful how you invest in equities during the ‘retirement risk zone’

By JASON TEH, Vertium Asset Management Chief Investment Officer As a Sydney-based fund manager I always look forward to presenting on adviser roadshows. Last week’s tour in Victoria was no exception, with a range of financial adviser briefings in Geelong and Ballarat – accompanied by Copia Distribution Manager Mani Papakonstantinos. Vertium Chief Investment Officer Jason […]

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30, September 2019
Uncategorized
Do you know your UV (equity market) risk exposure?

Do you know your UV (equity market) risk exposure?

Are you the type that applies sunscreen before you get exposed to the summer sunshine, or do you prefer to wait a while and apply if you start to see pink? We’ll get to why that matters later. There’s an interesting dynamic playing out in the performance tables of Australian equity income funds. In an […]

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16, September 2019
Uncategorized
Need a longer lasting retirement portfolio? Lowering ‘Beta’ may be key

Need a longer lasting retirement portfolio? Lowering ‘Beta’ may be key

If you thought building a retirement portfolio with interest rates at 0.75% was challenging enough, brace yourself for a new gauntlet being thrown down by our Canberra legislators. In a move that’s likely to change the way retirement portfolios are designed, the Federal Government is introducing a retirement income covenant that will require superannuation trustees […]

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09, September 2019
Uncategorized
Retirement income. Are we any better off since GFC?

Retirement income. Are we any better off since GFC?

You’ve got to feel for those in our industry charged with constructing retirement portfolios for financial advice groups. It’s hard to recall a more challenging time in which to build a portfolio that can yield liveable income, while satisfying the risk criteria of the average retiree. And it’s not because the risk appetite of retirees […]

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29, August 2019
Uncategorized
Retirees may need to dial up their defensive equity allocations to help protect capital

Retirees may need to dial up their defensive equity allocations to help protect capital

Financial advisers may need to consider allocating more to defensive equity strategies for retiree clients to defend their income, according to Vertium Asset Management, a Copia investment partner. In its June quarter research paper, the equity income fund manager compared the past seven share market corrections during global slowdowns since 1990 to the most recent […]

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29, July 2019
Uncategorized
The Anatomy of Bear Markets

The Anatomy of Bear Markets

Bear markets are great! Let me explain. Lower prices mean greater future returns. Bear markets always occur during global slowdowns as investor confidence is shaken from lower growth expectations. It is only when investor expectations are low that the foundation is set for fantastic returns. The usual definition of a bear market is based on […]

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19, July 2019
Uncategorized
Should NAB Cut its Dividend?

Should NAB Cut its Dividend?

To cut or not cut? That is the question facing the National Australia Bank (NAB) Board. Just over a week ago, NAB announced another customer remediation provision, this time a whopping $749 million before tax for 1H19. Unsurprisingly, NAB announced a review of its dividend settings. We wrote about the looming risk of a NAB […]

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02, May 2019
Uncategorized
Are equities safe when there are growth worries?

Are equities safe when there are growth worries?

The most talked about harbinger of a recession is the inverted yield curve. Google trends show recent internet searches on “inverted yield curve recession” have reached a fever pitch. Source: Google trends It is interesting to note that in February 2005 the same search terms also reached extreme levels. Yes, a global recession did occur […]

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26, April 2019
Australian equities
Bullet-proofing your equity income portfolio

Bullet-proofing your equity income portfolio

JASON TEH | It’s obvious. Retirees need income. With cash and fixed interest offering low yields, equities are a good place to look for income. On the surface, it may seem easy creating an income portfolio from shares – just select stocks from a list of high dividend yielders. However, setting up an income portfolio […]

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11, February 2019
Australian equities | Australian shares
The year of investing dangerously

The year of investing dangerously

JASON TEH | 2018 was the year of living dangerously as far as the stock market was concerned. The year began with a bang, cheered on by the global growth squad. However, unbridled risk taking eventually led to negative returns later in the year. Most equity indices around the globe delivered negative returns for 2018 […]

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11, January 2019
Australian equities | Australian shares