QUARTER TO 31 MAR 2018 | The Vertium Equity Income Fund returned -2.23% for the month of March, outperforming the S&P/ASX 300 Accumulation Index by 1.50%. During the quarter, the Fund distributed one cent per unit to investors and is on track to deliver a yield greater than the market by the end of the financial […]
JASON TEH | While many investors fret about bonds or bond-like proxies from rising interest rates, the real danger lurking in the shadows is the prospect of rising risk premiums. Interest rates globally have already normalised and maybe there is a little more to go. And today bond-like stocks already have wide risk premiums. But […]
JASON TEH | Are Australian bond-like proxies going to suffer a bondcano moment? Certainly, stocks that have defensive characteristics have been sold down in recent months. And bond bears would have it that they are collateral damage from rising US yields. However, we believe this is a false narrative. Hence, we need to go back […]
AUSTRALIAN FINANCIAL REVIEW | Vertium Asset Management portfolio manager Jason Teh said investors would be keen to see the shape of the to-be-floated Viva company, and to discover the motivation for an IPO, whether to raise capital for future funding or to exit the business. “As long as you’ve got consistent growing earnings I think […]
MONTH TO 28 FEB 2018 | The Vertium Equity Income Fund returned -1.36% for the month to 28 February. View report
AUSTRALIAN FINANCIAL REVIEW | Debate in the market around asset ownership options for Caltex has intensified since the successful spin-off of petrol station real estate trusts by Viva Energy, which bought Shell’s refining and marketing business in Australia, and by APN Property Group, the first such trusts involving that type of asset. “It’s a relatively […]
AUSTRALIAN FINANCIAL REVIEW | Origin has made more from the tight market than AGL, whose generation volumes have actually declined about 6 per cent from two halves ago, noted Vertium Asset Management portfolio manager Jason Teh. “It’s good that Origin is capitalising on higher electricity prices because they need to: they’ve got a whole bunch of debt […]
AUSTRALIAN FINANCIAL REVIEW | “Origin year-on-year is increasing generation volumes mainly through Eraring to capitalise on higher electricity prices while AGL’s generation versus previous years is actually lower,” said Vertium Asset Management’s Jason Teh. “Obviously the retail environment is tougher,” he said, while adding that Origin’s customer losses had turned around since December. Read full […]
PRESS RELEASE | The Vertium Equity Income Fund has been added to Hub24 and FirstWrap’s IDPS and superannuation menus. Launched last year, the triple-objective fund aims to deliver investors more income and higher capital growth at a lower risk. “We’ve designed the fund for investors looking for lower-risk equity market exposure and, in particular, those […]
THE CONSTANT INVESTOR | Buyer beware, increased volatility is expected in 2018. The Australian market blasted off to stratospheric heights by delivering most of the calendar year returns during the last quarter. The rocket fuel for the market has been resource stocks and small-cap stocks related to electric vehicles, technology themes and companies linked to […]
