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Latest report | Vertium Equity Income Fund

MONTH TO 30 Nov 2018 | The Vertium Equity Income Fund returned -1.15% for the month of November, outperforming the S&P/ASX 300 Accumulation Index by 1.03%. View report

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14, December 2018
Australian equities | Australian shares | Fund update

The next stock to release franking credits

TRENT CRAWLEY | There’s no better feeling than receiving a cheque from the tax man. But with Labor likely to win the next federal election, fewer cheques will be posted by the ATO. Will companies sitting on large franking balances rush out and try to beat the impending changes to the imputation system? Companies can […]

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10, December 2018
Australian equities | Australian shares | Blog Post

Metcash profit up but flags tough outlook

THE AUSTRALIAN | Vertium Asset Management portfolio manager Daniel Mueller said Metcash – already up against homegrown giants Coles and Woolworths, as well as Aldi – was subject to fierce competition in the supermarket sector. “Coles is now a stand-alone entity, and they (Metcash) still have the potential for (German retailer) Kaufland to come into […]

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03, December 2018
Australian equities | Australian shares

One of the most dangerous things an investor can do

JASON TEH | The market corrections in February and October should be a warning to investors that the stock market is highly cyclical. It was inevitable that ‘growth’ stocks, which pushed the market to new highs for many months eventually led the collapse. Investors who paid heed to Howard Marks’ famous quote on cycles would […]

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26, November 2018
Australian equities | Australian shares | Blog Post

VIDEO | September quarter fund wrap-up

 Watch Chief Investment Officer, Jason Teh, discuss performance and current portfolio holdings in the September quarter wrap-up.

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16, November 2018
Australian equities | Australian shares | Video

Coles vs Woolworths: Comparing trolleys

DANIEL MUELLER | In a matter of weeks, Wesfarmers’ demerger of Coles will be complete. Coles will be listed as a stand-alone business for the first time in 11 years. You may think that both Coles and Woolworths have similar risks given that they operate in the same industry. However, a deep dive into the […]

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09, November 2018
Australian equities | Australian shares | Blog Post

Latest report | Vertium Equity Income Fund

MONTH TO 31 OCT 2018 | The Vertium Equity Income Fund returned -2.85% for the month of October, outperforming the S&P/ASX 300 Accumulation Index by 3.31%. View report

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06, November 2018
Australian equities | Australian shares | Fund update

Witching hour for Cinderella stocks

JASON TEH | We all know the story of Cinderella. Transformed into a glamorous princess, she was the belle at the ball. However, the celebration abruptly stopped at midnight, when her gown turned back into rags and her coach turned into a rotten pumpkin. Growth stocks are sometimes like Cinderella, glamourous companies that can have […]

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01, November 2018
Australian equities | Australian shares | Blog Post

Latest report | Vertium Equity Income Fund

QUARTER TO 30 SEP 2018 | The Vertium Equity Income Fund returned -0.42% for the month of September, outperforming the S&P/ASX 300 Accumulation Index by 0.77%. During the September quarter, the Fund paid a distribution of 1.0 CPU. View report

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17, October 2018
Fund update

The phantom resource bear market of 2018

JASON TEH | What a difference a year makes. This time last year, the stock market was cheering the global synchronised growth story. Now, it is downbeat, fixated on tariff wars that could derail global growth, especially China. In our view, the tariff war is a side show to what is happening in China. The […]

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10, October 2018
Australian equities | Australian shares | Blog Post