Author Archive for: Lukasz de Pourbaix

Entries by Lukasz de Pourbaix

Insights from our CIO – Inflation: Structural or not?

Inflation continues to be on everyone’s lips. The debate as to whether inflation is transitory or structural in nature is gaining momentum as the US recorded an annual rate of inflation of 6.2%, the highest rate in three decades. What is interesting is that we are observing a growing divergence between what is driving inflation […]

Insights from our CIO – Q3 2021 Market Overview Positioning Update

Chief Investment Officer, Lukasz de Pourbaix, provides an update on the outcomes of Lonsec’s latest quarterly investment committee and current Dynamic Asset Allocation (DAA) views. At the September meeting Lonsec made a change to the DAA positions and reduced our Overweight position in Australian Equities to a Slight Overweight position, whilst increasing our exposure to […]

Insights from our CIO: Feel the heat

August was another strong month for equity markets however some storm clouds have reappeared amidst the collapse of Evergrande, one of China’s biggest property developers, as the Chinese government sought to stem excessive borrowing leaving the heavily indebted company with over $400B in debt. The main concern is that the collapse may have a flow […]

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The challenge to diversify

The upward trajectory in equity markets has continued unabated. Markets continue to be supported by low interest rates and central bank liquidity support. The US Federal Reserve’s recent comments that that they would continue their asset purchase program and that interest rates are not expected to rise anytime soon has added fuel to markets. This […]

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Market Overview and Positioning Update

Following Lonsec’s Asset Allocation Investment Committee meeting in June, we asked Chief Investment Officer Lukasz de Pourbaix to give us an update on his views of the current market drivers and challenges, and how these impacted Lonsec’s latest dynamic asset allocation views. The main topic of discussion at this meeting was inflation – is it […]

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Inflation and reflation trade concerns continue

Markets continued their positive trajectory in April with strong returns generated across Australian and Global Equities, with listed Real Estate performing particularly well. Despite the strong returns, inflation concerns continue to dominate the market narrative. There are concerns that the so-called ‘reflation trade’, which has been supported by accommodative monetary policy and significant fiscal support, […]

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