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Alternatives No Longer Living Up to their Name

Alternative investments have done what alternative music did in the 90s: become so mainstream that their name doesn’t apply any more. They are no longer reserved for institutional investors and the wealthiest of the wealthy. Alternatives have become a staple component of most high net worth individuals’ portfolios, and are increasingly showing up in mass market portfolios. We investigate the sector’s growth drivers for a steer as to what’s coming…

24 Mar 2025
 · 5 MIN READ

Making sense of the banking sector

The banking sector enjoyed an extraordinary rally in 2024, with the Big Four Banks delivering an average TSR of 33%. As recently as February, Commonwealth Bank (CBA), for instance, enjoyed a price to earnings multiple of 26x- a 60% premium to its historical average. This raises an important question: are these valuations justified for a sector that has not grown its overall earnings per share over the last 10 years?

24 Mar 2025
 · 7 MIN READ

The Hidden Biases holding your portfolio back

Investing is often seen as a game of numbers, charts, and cold, hard logic. Except, in practice, that’s not how it works for most investors. More often than not, investment decisions are driven by emotions, biases, and mental shortcuts. As Benjamin Graham puts it: ‘The investor’s chief problem—and even his worst enemy—is likely to be himself.’

20 Mar 2025
 · 6 MIN READ

End of Hybrids: A Time for Yield with Franking

At the beginning of this week, we saw APRA release its decision on the $43B Hybrids market. Hybrids have been an instrument used primarily by banks to increase Tier 1 Capital levels and were a combination of debt and equity, hence the name “hybrid”. In this week’s piece we are going to look at the bank hybrids market, a popular investment category that has grown to be worth $43 billion since first being offered to retail investors in 1998.

18 Mar 2025
 · 4 MIN READ

Why semiconductors are driving future innovation

Semiconductors are the essential components powering a vast array of electronic devices we use daily. Investment Analyst Adrian Lu explains how the semiconductor industry has experienced rapid growth and is set to continue expanding. Adrian highlights the industry’s robust outlook and discusses DeepSeek’s innovative entrance into the sector, which has made AI models cheaper and more efficient to build and run. He also provides insights on TSMC, a high-quality company that stands out as a key player in the sector due to its unique role in the semiconductor value chain.

17 Mar 2025
 · Adrian Lu
 · 4 MIN READ

Powering demand and supply: Investing in utilities

The US energy landscape is being reshaped by the growing influence of AI, data centres, and the return of manufacturing. As energy demand soars, a diverse mix of energy sources, including nuclear power, natural gas and renewables, is shaping the landscape. Investment Analyst Fiona Wu delves into this dynamic environment, highlighting the exciting investment opportunities it presents, particularly for regulated utilities. She also provides insights into the companies that are effectively capturing this demand and expanding their operations.

17 Mar 2025
 · Fiona Wu
 · 6 MIN READ

Can the Energy Sector Bounce Back?

Here’s a shocking stat for energy investors: the energy sector comprises only 3% of the S&P 500’s value, down from 30% in 1980. That’s serious underperformance. It’s understandable why only the most ardent of energy bulls currently own what remains of the energy sector’s once great market cap. But we all know Warren Buffet’s famous quote about buying when others are fearful. Could it be that this is one of those moments for the energy sector? Will it rise like a phoenix from the ashes at the very moment it’s been written off and ignored by most investors?

10 Mar 2025
 · 6 MIN READ

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