Author Archive for: Peter Green

Entries by Peter Green

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The impact of COVID-19 on ASX200 listed equities

Our Head of Listed Equities, Peter Green, takes a look at the impact of COVID-19 on equity markets, and highlights some of the companies that have benefited from the COVID-19 outbreak, as well as the ones that have been most adversely affected. Copyright © 2020 Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL […]

Oil market pain could spell opportunity

If you thought the coronavirus put an end to geopolitical maneuvering, you probably haven’t checked in on the oil market. The WTI spot price has fallen from its most recent peak of around US$74 per barrel in late 2018 to around $32 as at the end of last week. The price was around $52 at […]

Why are ETFs trading at a discount to NAV?

Generally, we expect ETFs to trade close to their net asset value (NAV) due to the redemption mechanism that allows authorised participants to arbitrage between the ETF shares and the underlying shares. However, in this recent period of heightened volatility and dislocation due to COVID-19, a number of ETFs have been trading at significant discounts, […]

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Reporting Season Update – 24-28 February 2020

The coronavirus has had a major impact on equity markets in the past few days, and the uncertainty surrounding looks set to continue for some time. Peter Green, our Head of Listed Products, looks at the stocks that have been directly and indirectly affected, as well as some of the reporting season’s best and worst […]

Could the healthcare sector flatline in 2020?

The Australian Health Care sector has had another stellar year, with the S&P/ASX 200 Health Care Index providing a substantial 43.5% total return over 2019. This was substantially higher than the still impressive 23.4% return provided by the broader S&P/ASX 200 Index. These strong health care returns were largely due to impressive earnings growth being […]

WAAAX, FAANG, and the market’s bucket mentality

Behavioural finance tells us that herd behaviour is hard wired into our brains. As investors we don’t want to miss out on opportunities, especially when we see others taking advantage of them. Herd behaviour and a fear of missing out is what drives asset bubbles, which means as investors we need to be on guard […]

Beware the dividend honeypot—the lesson of Telstra

Shareholders burnt by Telstra’s dividend cut and spiralling share price should be wary of high yield shares with attractive dividends but shaky fundamentals. Telstra sparked an exodus of investors after announcing a cut in its dividend from 15.5c per share to 11c, with the challenges facing Australia’s major telco suddenly made palpable to mum and […]

Small caps shine as Australia’s biggest stocks lag

Australia’s small cap shares have continued their extraordinary run of outperformance, returning 4.1% over the past three months to May, and an incredible 25.4% over the past year. Meanwhile, in a tale of two markets, Australia’s largest shares have proved the laggards, with structural headwinds, regulatory risks, and declining public trust dragging the top of […]

Value investing has taken a hit in 2018

Australian fund managers with a value focused investment strategy are struggling to keep up with the index as the market continues its shift in favour of growth stocks. While value shares have outperformed growth over the past ten years, growth shares have been in front for the past five, despite a value comeback in 2016 […]

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