Author Archive for: Veronica Klaus

Entries by Veronica Klaus

Why some value managers missed out on the value rally

Traditionally value managers used the book-to-price ratio (B/P) as their standard value metric. The B/P ratio served value managers well back when economies were largely industrial. However, as the developed world shifts to a service- and knowledge-based economy—thanks in part to the catalysing effect of COVID-19—the B/P ratio has become a less meaningful metric and […]

Why following the winner might make you a loser

An all too common mistake in investing, is to simply back last year’s winner. On the face of it, it seems appropriate to follow what worked last time and all too often investors pile into the best performing asset class of the last year in the hope that success will be repeated. However, as the […]

How does a crisis really affect markets?

Investors are constantly warned of an impending crisis in financial markets with the resultant damage to asset prices. Yet while a crisis can have a severe impact on markets, investors who avoid herd-like selling can often ride out the slumps. For active and contrarian fund managers, such periods of disruption can also present opportunities. The […]

Designs on retirement: Are CIPR’s enough?

The federal government has taken a step toward providing better retirement outcomes for Australians with the appointment of an industry panel to advise on the development of Comprehensive Income Products for Retirement (CIPRs). Its brief is to help frame the government’s plans to require superannuation trustees to design and offer appropriate income products for their […]

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