Ten years into the recovery, and with valuations close to or at historical highs, there’s little denying that we’re getting late in the cycle. However valuations are only half the story.
The Asian growth story continues to be a vibrant and fast-moving one. But looking at just the broad indices covering the region means that investors are missing out.
The biggest investment lesson for me over the past ten years is that the fog of uncertainty in 2008 has never lifted and never will. As long as we operate in real time, without a crystal ball, we'll never know what the next six months let alone the next ten years, holds for us. And that’s fine because there is a solution.
How do you behave in the face of fear? Do you run towards danger, or turn and flee? Knowing how you and others react to extreme situations might seem remote from the world of investment, but could have a lot to do with what separates the great investors from the rest of us.
Reporting season? It seems the winners were global leaders leveraged to grow and win market share, healthcare champions and the software kings who despite some earlier valuation concerns have proved that fundamental strength remains and long term winners keep on winning!
Trade wars, debt, liquidity - there’s a lot to keep investors up at night. In the final of the series, Kate and James discuss where they’re being mindful and the importance of additional checks and balances.
Concerns over further fallout from US-China trade tensions will likely continue to weigh on markets in the coming months. But the selloff has been somewhat indiscriminate and investors should mind the fundamentals. At the same time, emerging Asia economies are becoming less dependent on exports and developed markets for growth.
The Royal Commission has revealed a darker side to our banking system but as investors we’ve benefited from healthy returns and generous dividends. So how should we be looking at banks today?
The ascendance of Asia since the start of this century has been nothing short of remarkable. These charts capture the sheer scale of the region's dominance. A growing middle class, higher spending power and increased investment on infrastructure and technology are among the drivers shifting the balance of economic power from the West to the East.
If you'd have invested in the Fidelity Australian Equities Fund back in June 2003, you'd have made almost six times your money. Portfolio Manager Paul Taylor looks back at his incredible career, some lessons his learnt along the way and the importance of playing to your strengths.
In the 15 years since its inception, the Fidelity Australian Equities Fund has delivered remarkably strong long-term performance, cementing Portfolio Manager Paul Taylor as one the industries heavyweights. We speak to Paul about his extraordinary success, the Fund’s evolution and what he’s excited about going forward.
Nothing stays the same - so how do you stay confident when things change? Kate and James discuss the importance of really understanding your thesis and the merits of flexible conviction.
In the last in a series of four articles on market leadership, Jeremy Podger tackles the thorny issue of growth vs value. On a global level, value stocks have struggled on a relative basis since the crisis over a decade ago. Why has this happened and is this trend finally slowing?
