Kate Howitt

Network effects: The winner takes it all

Software companies often attract high valuations at least at face value but if you drill down deeper you soon discover the real value of business with sustainable moats that can reinvest at high rates of return.

Why we're investing in gold producers
Kate Howitt

Why we're investing in gold producers

It’s important not be underweight commodities stocks, as their prices could really run ahead in an inflationary environment.

Why Wisetech ticks all the boxes
Kate Howitt

Why Wisetech ticks all the boxes

The most important ingredient of a great investment is having an outstanding ‘horse and jockey’; a business that’s operating in an attractive industry, and a highly capable management team.

From the desk of James Abela
James Abela

From the desk of James Abela

February 2018 results season were reasonable. Generally, there were a few more results that ‘beat’ expectations versus those in line or disappointed, which suggests expectations were realistic. 

Investing for the long term - insulating against fads and fashions
Paul Taylor

Investing for the long term - insulating against fads and fashions

Aconex has experienced a rollercoaster ride on the ASX; from depression to excitement to depression and back again. But at the end of the day the stock has gone from an IPO price of $1.90 to a takeover bid of $7.80 in just over three years - a return of 410%.

2018 outlook: Australian equities
Paul Taylor

2018 outlook: Australian equities

As we start to think about summer holidays and Christmas shopping we can look back on another strong year for equity markets

From the desk of James Abela
James Abela

From the desk of James Abela

Quality and momentum sectors have really been on a tear for the last 6-7 months, particularly global cyclicals and technology stocks.

Q4 2017 investment outlook: Braver for longer...

Q4 2017 investment outlook: Braver for longer...

How long can the good times roll? The second-longest yet arguably most-hated bull market in post-war history just grinds on and on, while investors get more worried by the day. 

From the desk of Kate Howitt
Kate Howitt

From the desk of Kate Howitt

Kate talks a2, WiseTech and investor sentiment in her reporting season wrap up. 
 
Small caps reporting season wash up

Small caps reporting season wash up

Reporting season is akin to a tsunami of information - as the tide recedes, fundamentals are laid bare in outlook statements and cash flows to reveal who has best weathered the storm.

From the desk of Paul Taylor
Paul Taylor

From the desk of Paul Taylor

Paul talks about the challenges the Fund has faced over the past 12 months, managing a growing portfolio, his views on Domino's, the recent reporting season results as well as the outlook for the Australian market ahead.

How far will we go to gain conviction?
Paul Taylor

How far will we go to gain conviction?

During the Global Financial Crisis, markets were concerned that Sydney Airport was over-leveraged. How did Fidelity determine if we should hold this stock through this period of dislocation?

Asset class outlooks: Cautious optimism...

Asset class outlooks: Cautious optimism...

The bull market is intact but beginning to look stretched; Earnings growth is underpinning equity markets for now - Europe most attractive; China and inflation are the key factors to monitor. 

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