INVESTMENTS – AUSTRALIA

Investors advised to widen stocks horizons

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Original article by Vanessa Desloires
The Australian Financial Review – Page: 31 : 4-Mar-16

The Australian sharemarket has shed five per cent so far in 2016, with the market volatility adversely affecting exchange-traded funds in particular. However, experts say investors who use an active investment strategy can diversify their portfolios by gaining exposure to passive investment options such as exchange-traded funds. The Market Vectors Gold Miners ETF has delivered the best performance among such funds in the year-to-date.

CORPORATES
MARKET VECTORS GOLD MINERS ETF – ASX GDX, STANDARD AND POOR’S ASX 200 INDEX, STANDARD AND POOR’S ASX 300 INDEX, MORNINGSTAR PTY LTD, BETASHARES CAPITAL LIMITED, ISHARES INCORPORATED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, BETASHARES AUSTRALIAN EQUITIES STRONGBEARHEDGEFUND – ASX BBO, MARKET VECTORS CHINAMC A-SHARE ETF – ASX CET, STANDARD AND POOR’S 500 INDEX, PROTEGE FUNDS LLC, VANGUARD S&P 500 ADMIRAL INDEX FUND

ASX200 payout slide set to dwarf counterparts

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Original article by Vesna Poljak
The Australian Financial Review – Page: 30 : 1-Mar-16

A number of companies in the benchmark S&P/ASX 200 have increased their dividends in 2015-16, despite the financial market volatility. However, Hasan Tevfik of Credit Suisse expects the combined dividend payout of S&P/ASX 200 companies to fall from $A79bn in 2014-15 to just $A73bn. Meanwhile, the total capital returned to shareholders will be boosted by share buybacks.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, CREDIT SUISSE (AUSTRALIA) LIMITED, BHP BILLITON LIMITED – ASX BHP, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA

Private equity floats lag for second year

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Original article by Vesna Poljak
The Australian Financial Review – Page: 17 : 23-Feb-16

New figures show that Australian IPOs in 2015 that were backed by private equity firms delivered an average return of 13.1 per cent. In contrast, the average return of IPOs that had no private equity involvement was 19.3 per cent. Private equity-backed IPOs have not outperformed since 2013, when they achieved an average return of 19.6 per cent. However, they have comfortably exceeded the performance of non-private equity IPOs over a three-year period.

CORPORATES
AUSTRALIAN PRIVATE EQUITY AND VENTURE CAPITAL ASSOCIATION LIMITED, NM ROTHSCHILD AUSTRALIA HOLDINGS PTY LTD, GATEWAY LIFESTYLE – ASX GTY, CBL CORPORATION LIMITED – ASX CBL, BESTON GLOBAL FOOD COMPANY LIMITED – ASX BFC, PEPPER GROUP LIMITED – ASX PEP, MYER HOLDINGS LIMITED – ASX MYR, DICK SMITH HOLDINGS LIMITED – ASX DSH, ECLIPX GROUP LIMITED – ASX ECX, ANCHORAGE CAPITAL PARTNERS PTY LTD, McALEESE LIMITED – ASX MCS

Millionaires roll shrinks by 5000

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Original article by Ruth Liew
The Australian Financial Review – Page: 19 : 15-Feb-16

Data from Investment Trends shows that Australia boasted 440,000 individuals whose investable assets topped $A1m at the end of October 2015. This compares with 445,000 in 2014, while the combined assets of the nation’s millionaires has fallen from $A1.57trn to $A1.55trn. Investment Trends’ Irene Guiamatsia notes that property and direct ownership of shares accounts for two-thirds of the investment portfolios of most high net worth individuals.

CORPORATES
INVESTMENT TRENDS PTY LTD, RESERVE BANK OF AUSTRALIA, STANDARD AND POOR’S ASX 200 INDEX

Property returns trounce shares

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Original article by Simon Evans
The Australian Financial Review – Page: 29 : 11-Feb-16

The Australian sharemarket has delivered a total return of 58 per cent over the last decade. However, residential property prices in Melbourne and Sydney have risen by 92 per cent over the same period. Domain Group’s chief economist Andrew Wilson does not expect the housing market to enjoy such gains in the next decade, warning that growth is likely to be much lower. Perpetual’s Matt Sherwood says equities investors should also expect lower growth in dividends in the near-term.

CORPORATES
DOMAIN.COM.AU, PERPETUAL LIMITED – ASX PPT, STANDARD AND POOR’S ASX 200 INDEX, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA

Growth, earnings fears depress ASX darlings

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Original article by Vanessa Desloires
The Australian Financial Review – Page: 30 : 9-Feb-16

Australia’s benchmark S&P/ASX 200 Index has shed six per cent so far in 2016. However, some of the stocks that were among the best performers in 2015 have fallen by more than 10 per cent in 2016, including Domino’s Pizza Enterprises and Blackmores. In contrast, mining stocks – and gold producers in particular – have achieved some of the strongest gains in the year to date.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, DOMINO’S PIZZA ENTERPRISES LIMITED – ASX DMP, BLACKMORES LIMITED – ASX BKL, SUPER RETAIL GROUP LIMITED – ASX SUL, NEWCREST MINING LIMITED – ASX NCM, NORTHERN STAR RESOURCES LIMITED – ASX NST, EVOLUTION MINING LIMITED – ASX EVN, SOUTH32 LIMITED – ASX S32, MINERAL RESOURCES LIMITED – ASX MIN, BENNELONG AUSTRALIAN EQUITY PARTNERS PTY LTD, WINGATE ASSET MANAGEMENT PTY LTD, NASDAQ COMPOSITE INDEX, FACEBOOK INCORPORATED, AMAZON.COM INCORPORATED, NETFLIX INCORPORATED, LINKEDIN LIMITED, ASIA PACIFIC PRUDENTIAL SECURITIES

Investor sentiment hits a record low

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Original article by Ruth Liew
The Australian Financial Review – Page: 16 : 3-Feb-16

A survey by Investment Trends has found that the average investor expects the Australian sharemarket to gain just 1.2 per cent in 2016. However, Recep Peker of Investment Trends notes that 33 per cent of investors still intend to invest in equities. The survey also shows that 70 per cent of respondents have identified the outlook for the Chinese economy as their biggest concern, while the potential for another global financial crisis or market crash was cited by 54 per cent.

CORPORATES
INVESTMENT TRENDS PTY LTD, HLB MANN JUDD, RESERVE BANK OF AUSTRALIA, HSBC HOLDINGS PLC, SHANGHAI COMPOSITE INDEX, CSI 300 INDEX

Resources sector delivers top stock picks for the bold

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Original article by Simon Evans
The Australian Financial Review – Page: 26 : 29-Jan-16

Credit Suisse has identified Kula Gold as the Australian-listed stock that it expects to perform the best in 2016, forecasting a return of 362 per cent. This based on an analysis of 180 stocks. The other five stocks that Credit Suisse expects to achieve the highest returns for the calendar year are Altona Mining, WorleyParsons, Whitehaven Coal, Bradken and Senex Energy. Meanwhile, Brambles and Evolution Mining are among the stocks that are tipped to underperform.

CORPORATES
CREDIT SUISSE (AUSTRALIA) LIMITED, KULA GOLD LIMITED – ASX KGD, ALTONA MINING LIMITED – ASX AOH, WORLEYPARSONS LIMITED – ASX WOR, WHITEHAVEN COAL LIMITED – ASX WHC, BRADKEN LIMITED – ASX BKN, SENEX ENERGY LIMITED – ASX SXY, BRAMBLES LIMITED – ASX BXB, EVOLUTION MINING LIMITED – ASX EVN, PACIFIC ROAD CAPITAL MANAGEMENT PTY LTD, FRANKLIN TEMPLETON ASSET MANAGEMENT LIMITED, OZ MINERALS LIMITED – ASX OZL, TRANSURBAN GROUP LIMITED – ASX TCL, PACIFIC EQUITY PARTNERS PTY LTD, BAIN CAPITAL LLC

Forget the index, it’ll be a picker’s game

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Original article by Vanessa Desloires, Stephen Cauchi
The Australian Financial Review – Page: 20 : 4-Jan-16

Australia’s benchmark S&P/ASX 200 Index ended 2015 at 5,295.9 points. Goldman Sachs forecasts that it will rise to 5,600 in 2016, and Citi expects it to reach 5,900. Meanwhile, David Bryant of Australian Unity says factors such as low interest rates and sustained weakness in commodity prices will weigh on sharemarket returns in 2016. Bryant is particularly bearish about returns from resources and banking stocks.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, GOLDMAN SACHS AUSTRALIA GROUP HOLDINGS PTY LTD, DEUTSCHE BANK AG, AUSTRALIAN UNITY LIMITED, CREDIT SUISSE (AUSTRALIA) LIMITED, PRIME VALUE ASSET MANAGEMENT LIMITED, COMMONWEALTH SECURITIES LIMITED

Resources stocks have huge interest, among their few fans

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Original article by Vesna Poljak
The Australian Financial Review – Page: 11 & 12 : 4-Jan-16

Garth Rossler of Maple-Brown Abbott says resources stocks could perform well in 2016 after a challenging year for the sector in 2015. Meanwhile, Randal Jenneke of T Rowe Price recently warned that the high yields from infrastructure and property stocks may not be sustainable. He says such stocks are likely to be impacted if the US Federal Reserve adopts an aggressive approach to increasing interest rates.

CORPORATES
MAPLE-BROWN ABBOTT LIMITED, T ROWE PRICE GROUP INCORPORATED, UNITED STATES. FEDERAL RESERVE BOARD, STANDARD AND POOR’S ASX 200 INDEX, BHP BILLITON LIMITED – ASX BHP, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, RIO TINTO LIMITED – ASX RIO, WOODSIDE PETROLEUM LIMITED – ASX WPL, CLSA AUSTRALIA PTY LTD