Episode 16: Weekly review of the impact of COVID-19 on the financial markets - Magellan

Hamish Douglass - Magellan ​

In this episode, Hamish Douglass from Magellan​​ joins us to discuss the outlook of the global financial markets, including the impact of a global economic slowdown, potential geopolitical risks and tips for investors to navigate the current market volatility.

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Episode 17: Weekly review of the impact of COVID-19 on the financial markets - Coolabah Capital

Christopher Joye - Coolabah Capital​​

In this episode, Christopher Joye from Coolabah Capital​​ joins us to discuss the impact of COVID-19 on the Australian economy, including the potential damage to the GDP, current state of the fixed interest market and an outlook on Australian property.

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Episode 18: Weekly review of the impact of COVID-19 on the financial markets - AllianceBernstein

Roy Maslen - AllianceBernstein

In this episode, Roy Maslen from AllianceBernstein joins us to discuss the impact of COVID-19 on the Australian economy, including the financial implications of the Government's isolation policies, what sectors are presenting investment opportunities for investors and his tips for navigating the current market uncertainty.

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Episode 19: Weekly review of the impact of COVID-19 on the financial markets - Alex Cousley from Russell Investments

Alex Cousley - Russell Investments

In this episode, Alex Cousley from Russell Investments joins us discuss the impact of COVID-19 on the Australian and global economies, including the spread of the virus around the world, the impacts of a worldwide recession, rising geopolitical tensions between the US and China, the companies best placed to withstand an economic slowdown and his investment philosophy for navigating the current market uncertainty.

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Episode 20: Weekly review of the impact of COVID-19 on the financial markets - Tobias Bucks from Ausbil

Tobias Bucks - Ausbil

In this episode, Tobias Bucks from Ausbil joins us discuss the impact of COVID-19 on the Australian and global economies, including the recent performance of global small-caps, the companies performing well during the current crisis, emerging ESG trends and his investment philosophy for navigating the current market uncertainty.

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Episode 21: Weekly review of the impact of COVID-19 on the financial markets - Chris Rands from Nikko AM

Chris Rands - Nikko Asset Management

In this episode, Chris Rands from Nikko Asset Management joins us to discuss the impact of COVID-19 on the Australian economy, including the expected impact of the Federal Government's fiscal response on economic growth, the potential impact of geopolitical risks and what the Australian economy might look like post-COVID-19. 

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Episode 22: The rise of Environmental, Social and Governance (ESG) investing - Måns Carlsson-Sweeny from Ausbil 

Måns Carlsson-Sweeny - Ausbil

In this episode, Måns Carlsson-Sweeny from Ausbil joins us to discuss the latest trends in Environmental, Social and Governance (ESG) investing. Our conversation covers how to make ethical investment choices using ESG research, how rising geopolitical risks may impact ethical investing, the effect of the modern slavery act in developing nations and his investment tips for navigating the current market uncertainty.

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Episode 23: Weekly review of the impact of COVID-19 on the financial markets - AMP Capital 

Phillip Hudak and Matt Griffin - AMP Capital

In this episode, Phillip Hudak and Matt Griffin from AMP Capital joins us to discuss the performance and outlook of the Australian small caps sector. Our conversation covers the sector's performance since the COVID-19 outbreak, how they have managed market volatility, the biggest opportunities they see in the sector and their tips for investors to manage the current market uncertainty.

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Episode 24: Have Governments and central banks done enough to prevent a global recession? - PIMCO

Brian Leach - Senior Vice President, Credit Strategy at PIMCO

In this episode, Brian Leach, Credit Strategist at PIMCO joins us to discuss the impact of fiscal and monetary measures issued by Governments and central banks and whether enough has been done to avoid a deep global recession. Brian also shares his views on the current performance of the fixed income markets, and what investors can do to positions their portfolios going forward.

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Episode 25: What is driving increasing company valuations and will it last? - T.Rowe Price

Scott Berg - Portfolio Manager, Global Equity Fund at T.Rowe Price

In this episode, Scott Berg, Portfolio Manager for the T.Rowe Price Global Equity Fund, joins us to discuss the recent performance and outlook of global equities, the role of value and growth stocks in your portfolio and the current factors driving company valuations. Scott also shares his views on the rising geopolitical risks between China and the US and his investment philosophy for navigating the current financial crisis.

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Episode 26: How the coronavirus shock will reshape the global investment landscape - BlackRock

Ben Powell - Chief Investment Strategist, APAC at BlackRock

In this episode, Ben Powell, Chief Investment Strategist, APAC at BlackRock, joins us to analyse the trends from BlackRock's 2020 midyear global outlook, which includes the steps to restarting the global economy, the future economic impacts of blurred monetary and fiscal policies and the acceleration towards sustainable investing.

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Episode 27: Why now might be time to reconsider the role of value investing - Orbis Australia

Dr Graeme Shaw - Director of Orbis Australia

In this episode, Dr Graeme Shaw, Director of Orbis Australia joins us to share his experiences from the last two decades as a contrarian investor, why investors should look towards value stocks over high-growth and what investors might expect to see in the market from a pandemic driven recession.

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Episode 28: Building a fixed interest portfolio while meeting your ESG goals - Dimensional

 Marlena Lee - Head of Investment Solutions at Dimensional

In this episode, Marlena Lee, Head of Investment Solutions at Dimensional joins us to discuss the role that environment, social and governance (ESG) investing can play when building a fixed interest portfolio and why investors shouldn't have to sacrifice returns to meet their ethical objectives. Marlena also shares her views on how the markets might react to the upcoming US Presidential election.

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Episode 29: The role of fixed interest strategies in an ultra-low rate environment - Ardea

 Dr Laura Ryan - Head of Research at Ardea

In this episode, Dr Laura Ryan, Head of Research at Ardea joins us to discuss fixed interest and specifically whether duration strategies can still provide diversification in portfolios in the current ultra-low interest rate environment.

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Episode 30: Market outlook and opportunities for investors in Australian equities - Pengana

Rhett Kessler - Fund Manager of Pengana's Australian Equities Fund

In this episode, Rhett Kessler, Fund Manager of Pengana's Australian Equities Fund joins us to discuss the recent performance of Australian equities, provide a macro update on the Australian economy, share his key takeaways from reporting season, and share where investors might look for stock opportunities in the current environment.

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Episode 31: Global and Australian market outlook with David Bassanese - BetaShares

David Bassanese - Chief Economist at BetaShares

In this episode, David Bassanese, Chief Economist at BetaShares joins us to discuss the potential impact of the US election on global markets, how China's trade restrictions might impact the Australian economy, the opportunities for investors in value investing and an outlook for Australian equities.

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Episode 32: The investment opportunities in global mid & small-cap equities - Fairlight

Nicholas Cregan, Portfolio Manager and Partner at Fairlight

In this episode, Nicholas Cregan, Portfolio Manager and Partner at Fairlight Asset Management joins us to discuss the recent performance and outlook for global mid and small-cap equities, how they differ from Australian equities and why more investors should consider a global mid and small-cap strategy in their portfolio.

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Episode 33: What will global markets have in store for investors in 2021 - Perpetual

Matt Sherwood, Head of Investment Strategy, Multi Asset Strategies at Perpetual 

In this episode, Matt Sherwood, Head of Investment Strategy at Perpetual joins us discuss the outlook for the Australian and global economy, the potential impact of broadening import bans in China and how investors can generate positive returns in risk markets.

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Episode 34: Market outlook and investment opportunities for 2021 (Montgomery)

Roger Montgomery, Founder and CIO at Montgomery Investment Management

In this episode, Roger Montgomery, Founder and CIO at Montgomery Investment Management joins us to discuss the outlook for the Australian and global economy, the potential of residential property and best places to invest across Australian asset classes. 

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Episode 35: Generating income with a multi-sector fixed income strategy - Neuberger Berman

Adam Grotzinger, Managing Director and Senior Portfolio Manager at Neuberger Berman

Adam provides his outlook for 2021, why he is bullish on US and global trends, and how we could be expecting the strongest growth years since the pre-GFC era. Adam outlines some current market opportunities for investors wanting a regular and durable income whilst sharing his insights into the current low interest environment, inflationary pressures and the growing dominance of fiscal policy.

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Episode 37: Global property opportunities for income focused investors - APN Property

Mark Mazzarella, Portfolio Manager at APN Property

Mark provides the key attractions of global property REITs for income focused investors, and the unique opportunities presented by the recent pandemic.

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Episode 38: Dynamic asset allocations in volatile times - First Sentier

Kej Somaia, Co-Head of Multi-asset Solutions at First Sentier

Kej outlines the importance of dynamic multi-asset portfolios when investing. We discuss inflation, bond yields, active vs passive strategies, and ethical investing. Kej also shares his thoughts on the next 10 year returns for fixed income and equities given the strong returns of the last decade. 

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Episode 39: Is this time different for bonds? - Schroders

Kellie Wood, Fixed Income Fund Manager at Schroders

Bond markets are adjusting after yields moved sharply higher in the first quarter of 2021. Schroders Fund Manager Kellie Wood explores the trends set to shape markets in 2021, and explains why she believes the repricing of bonds represents a healthy reset.

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Episode 40: Investing in the global leaders of tomorrow? - Fidelity

James Abela and Maroun Younes, Portfolio Managers at Fidelity

In this episode, we explore the factors driving performance in the global small and mid cap sector and its future outlook with James Abela and Maroun Younes from Fidelity. Discover the opportunities outside of Australia and why more investors should consider a global small and mid cap strategy.

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Episode 41: Generating income and capital growth with unlisted infrastructure - AMP Capital

Rory Shapiro, Associate Director at AMP Capital

Accessing unlisted infrastructure, like airports and toll roads, can be challenging due to the large capital outlay required. In this episode, we chat with Rory Shapiro to explore how investors can generate cashflow with less volatility using unlisted infrastructure. Learn how infrastructure responds to rising inflation and discover the outlook and emerging opportunities in the sector.

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Episode 42: Growth and income opportunities with AREITs - CBRE Investment Management

Justin Pica, Regional Portfolio Manager at CBRE Investment Management

Australian Real Estate Investment Trusts (AREITs) have been one the biggest beneficiaries of the changing economy over the last 12 months. In this episode, we chat with Justin Pica to discuss the future of the office sector, the advent of online shopping, the rise of inflation, and active management. We also explore upcoming challenges and opportunities in the sector and how investors can gain a potential source of income and growth from AREITs.

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Episode 43: The evolution of ESG investment strategies - Russell Investments

Tim Cook, Head of Client Strategy at Russell Investments

Interest in Environmental, Social and Governance investment strategies has grown significantly over the last three year as more investors look for long-term sustainable growth that is align to their personal values. However, the management of ESG strategies varies significantly from active and passive strategies to negative and positive asset screens. In this episode, we break down the global trends in ESG with Tim Cook, Head of Client Strategy at Russell Investments, and look at how investors can better define and align their ESG integration and investment process.​

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Episode 44: Income for life: Strategies for retirement - Martin Currie Investment Management

Reece Birtles, Chief Investment Officer, Martin Currie Investment Management

Retirees have traditionally relied on fixed interest and cash allocations in their portfolios to provide sufficient income for life. But the yield or the income return from these defensive asset classes has fallen significantly over the last decade, creating a disconnect between our understanding of income and the traditional risk/return theory.

The impact of COVID 19, the global economic slowdown and increased use of extraordinary monetary policies by central banks have further reduced returns from cash and fixed interest to the point where many cash rates and ten-year bond yields in developed countries now return a 0% or even a negative yield. These policies may have supported many weakened economies but have made it even more difficult for retirees drawing income streams to fund a large portion of their income needs by the yields on cash and fixed interest allocations.

In this episode, we discuss some of current strategies for generating sufficient income for life with Reece Birtles, Chief Investment Officer, Martin Currie Investment Management, and we address some the challenges facing inflation, longevity risk and income sequencing risk.

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Episode 45: Global equities: Finding sustainable competitive advantages - Intermede Investment Partners

Chris Smith, Portfolio Manager at Intermede Investment Partners,

In this episode, Paul is joined by Chris Smith, Portfolio Manager at Intermede Investment Partners, to discuss some of the opportunities and challenges facing global equity markets. With markets being at all-time highs, Paul and Chris address rising inflation concerns, geopolitical risks, emerging markets opportunities, ESG, and the importance of finding companies with a demonstrated sustainable competitive advantage.

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Episode 46: Concentrated portfolios: A tool for risk-management

Jeff Mueller, Portfolio Manager & Analyst, Polen Capital

Equity markets have had a great run over the last decade and have provided investors with very strong returns. But now risk globally has risen due to the tragedy of events unfolding in Ukraine, increased Western countries' tensions with China, and the recent spike in inflation. In this episode of the podcast, Jeff Mueller, a former US Marine, and a co-portfolio manager of the Global Growth Fund at Polen Capital, shares how a concentrated portfolio of high-quality global companies can be a risk management tool and hedge against inflation. Discover the filters and “guardrails” that all investors should consider when shaping a portfolio capable of significant growth even within inflationary and unstable environments.

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Episode 47: Asset allocation strategies for inflationary markets

Uwe Helmes, Investment Strategist, Blackrock

The pandemic, geopolitical tensions, and international conflicts have disrupted supply chains and have led to unprecedented monetary policies, the full effects of which we are now learning to navigate. In this episode, we hear from Uwe Helmes, Investment Strategies at Blackrock, as he discusses the many nuances of inflation, BlackRock’s recently completed annual Capital Market Assumptions which looks at the expected returns across various asset classes, and the importance of asset allocation strategies when creating resilient and flexible investment portfolios.

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Episode 48: Finding investment opportunities in local markets

Dushko Bajic, Head of Australian Equities Growth, First Sentier Investors

Investor concerns about inflation and rising interest rates are likely exacerbating selloffs and volatility in certain segments of the Australian share market. In this episode, Dushko Bajic, Head of Australian Equities Growth at First Sentier Investors unpacks some of the risks ahead and shares some potential investment opportunities for investors.

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Episode 49: What does inflation mean for fixed income portfolios?

Brett Lewthwaite, Senior Managing Director, CIO, and Global Head of Fixed Income at Macquarie Asset Management

2022 has finally seen a surge in inflation across developed countries and the big question now is whether this is structural or more transitory. In this episode, we chat with Brett Lewthwaite, Senior Managing Director, Chief Investment Officer, and Global Head of Fixed Income at Macquarie Asset Management, to discuss supply shocks, the changing role of central banks and what it all means for bond markets and fixed income portfolio positioning.

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Disclaimer:

Macquarie Investment Management Australia Limited (ABN 55 092 552 611 AFSL 238321) the issuer and responsible entity of the Funds referred to in this podcast. This is general information only and does not take account of investment objectives, financial situation or needs of any person. It should not be relied upon in determining whether to invest in the Funds. In deciding whether to acquire or continue to hold an investment in a Fund, an investor should consider the Fund's product disclosure statement. The product disclosure statements are available on the Macquarie website at macquarieim.com/pds or by contacting Macquarie on 1800 814 523. Please review the Target Market Determination for the Fund available at macquarieim.com/TMD and consider if the Fund may be suitable for you.  This information is intended for recipients in Australia only.

Other than Macquarie Bank Limited ABN 46 008 583 542 (“Macquarie Bank”), any Macquarie Group entity noted in this recording is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of these other Macquarie Group entities do not represent deposits or other liabilities of Macquarie Bank. Macquarie Bank does not guarantee or otherwise provide assurance in respect of the obligations of these other Macquarie Group entities. In addition, if this recording relates to an investment, (a) the investor is subject to investment risk including possible delays in repayment and loss of income and principal invested and (b) none of Macquarie Bank or any other Macquarie Group entity guarantees any particular rate of return on or the performance of the investment, nor do they guarantee repayment of capital in respect of the investment.

Episode 50: Rising interest rates and the return of Australia’s two-speed economy

Catherine Allfrey, Portfolio Manager, WaveStone Capital

The resilience of Australia’s economy is about to be tested with strong commodity prices providing some insulation as the RBA becomes increasingly hawkish. WaveStone Capital’s Portfolio Manager Catherine Allfrey joins the show to discusses the divergent paths for resources, financials and industrials and the opportunities available to investors as the interest rate cycle normalises.

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Episode 51: Investing in the transition to net zero

Tim Gerrard, Portfolio Manager, Janus Henderson

As the world moves to net zero emissions, natural resources companies will be crucial in facilitating the production and development of renewable, and low carbon energy sources. In this episode, Tim Gerrard, Portfolio Manager at Janus Henderson, shares his investment strategy for net zero emissions and provides some examples of ‘traditional’ resource companies and the positive steps they are taking towards ESG. Tim also shares his outlook for the resource sector and how the sector is responding to recent global supply chain and geopolitical events.​

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Episode 52: Is it time to buy bonds again?

Clive Smith, Senior Portfolio Manager, Russell Investments

With the end of most central bank's quantitative easing programs and the normalisation of cash rates, is now the time to buy bonds again and to increase duration positioning in portfolios?

Since central banks commenced explicitly targeting inflation in the mid 1980’s, cash rates and bond yields have fallen creating an environment where fixed interest portfolios have been predominantly long bonds but now the short and long end of the yield curve is rising. 

In this episode, Clive Smith, Senior Portfolio Manager at Russell Investments, joins the show to discuss what drives bond market returns. Discover why the change in bond market dynamics have created a 'double whammy' for bond investors and the key resulting factors to keep in mind when considering portfolio allocations for the remainder of 2022 and beyond.

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Episode 53: Outlook on fixed interest markets in 2023 and beyond 

Aaditya Thakur, Senior Vice President and Portfolio Manager at PIMCO

In this episode, Aaditya Thakur, Senior Vice President and Portfolio Manager at PIMCO, joins us to unpack the reasons why 2022 was such a challenging year for fixed interests and how this impacts 2023 and beyond. He explores inflation, recession risks, the implications of China reopening, as well as the positive developments in the market and what this means for fixed interests and investors constructing their portfolios.

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Episode 54: Navigating volatility: Insights on equity markets and growth stocks

Don Huber, Senior Vice President and Portfolio Manager at Franklin Templeton

In this episode, Paul O'Connor, Netwealth's Head of Investment Management, interviews Don Huber, Senior Vice President, and Portfolio Manager at Franklin Templeton. Given the recent volatility in equity markets, Don provides his views, with an emphasis on growth stocks. He unpacks the impact of inflation on growth stock valuations and identifies potential opportunities for long-term investors. He provides examples of exciting companies with unique qualities and highlights what sets them apart and explains characteristics of the growth companies they invest in and why.

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Episode 55: Private Markets: The new traditional asset class.

Roberto Cagnati, Chief Risk Officer at Partners Group

In recent years, private markets have become more widely used and easier to access due to the rise of online platforms and increasingly sophisticated investors.

In this podcast episode, Paul O'Connor, Head of Investment Management at Netwealth, and Roberto Cagnati, Chief Risk Officer at Partners Group, discuss the advantages of private markets compared to listed markets, including private equity, debt, real estate, and infrastructure. Hear how private markets may help diversify and lower volatility in portfolios, along with their unique benefits that make them an attractive investment option to some.

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Episode 56: Exploring green bonds and their impact on ESG strategies

George Bishay, Head of Credit and Sustainable Strategies at Pendal Group

Green bonds have gained attention due to their alignment with ESG goals, making them a key consideration for environmentally and socially conscious investors.

In this podcast episode, Paul O'Connor, Head of Investment Management at Netwealth and George Bishay, Head of Credit and Sustainable Strategies at Pendal Group delve into the universe of green bonds. Their discussion explores the role of green bonds in investment portfolios, their impact, market performance and their role in portfolio diversification. The conversation addresses the vital issue of greenwashing, how they ensure credibility of green bonds and the significant role they play in responsible investing.

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Episode 57: Explore the intricacies of emerging market equities 

Amit Goel, Portfolio Manager at Fidelity International

In this podcast episode, Paul O'Connor, Head of Investment Management at Netwealth, and Amit Goel, Portfolio Manager at Fidelity International, explore the intricacies of emerging market equities. They discuss the diverse nature of emerging markets, highlighting the differences amongst countries, including varying demographic, social, and evolving economic conditions. They also discuss potentially attractive valuations and emphasise the importance of understanding businesses and effectively managing risks.

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Episode 58: The impact of China's recent growth slowdown and policy stances on investors

Chi Lo, Senior Market Strategist, APAC at BNP Paribas Asset Management

In this episode, Paul O'Connor, Head of Investments at Netwealth, interviews Chi Lo, the Senior Market Strategist, APAC at BNP Paribas Asset Management. Together they unpack China’s economic outlook including its recent growth slowdown, policy stances, the global impact of China's recovery, the demographic trends challenging the country and the implications this has on investors and more.

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(Latest) Episode 59: Healthcare real estate: why it's named the Cinderella of commercial property markets

Andrew Hemming, the Managing Director of Centuria Healthcare

The healthcare industry is undergoing significant change due to increased demand from population growth, advancing medical services, and an ageing population, and as such healthcare real estate represents investment opportunities for some.

In this podcast episode, Paul O'Connor, Head of Investments, Netwealth, interviews Andrew Hemming, the Managing Director of Centuria Healthcare. Andrew and Paul unpack the dynamics of the healthcare real estate sector in Australia including, the evolving models of care, the impact of interest rates, and its competitive nature.

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