The following real example from February 2015 written by Carlo Queddeng – Providence Portfolio Analyst, demonstrates Providence’s ongoing approach to thorough review of investment opportunities as they arise. The Opportunity February 2015 – National Australia Bank have recently offered a new $750m IPO of capital note securities (ASX code: NABPC) which falls in line with […]
A recent paper from Lonsec Research: “Volatility On The Rise“ highlights the current view held by Providence, namely; Heightened volatility within investment markets, and Divergence amongst major economies. The implications of this are as follows; Ensure solid diversification across asset classes and styles, Prefer active management over passive, Watch out for market disruption in credit regarding […]
We love this Asset Class Returns chart from Goldman Sachs Asset Management. It shows how today’s swan can be tomorrow’s ugly duckling. A-REIT’s are looking a little stretched on this basis.