Author Archive for: Lukasz de Pourbaix

Entries by Lukasz de Pourbaix

Ignore the yield curve at your peril

The Fed may have put its tightening plans on ice, but the yield curve is signalling that all may not be well in financial markets. This article is intended for licensed financial advisers only and is not intended for use by retail investors. The Fed may have put its tightening plans on ice, but the […]

Market tail is still wagging

It’s been an interesting period for risk assets over the past six months. The last quarter of 2018 saw markets retract as sentiment shifted away from risk assets, driven by fears of further rate rises in the US and a pullback in global growth. Roll forward to the March quarter of 2019 and it has […]

Are pockets of value appearing in the market?

In recent years valuations across most asset classes have been sitting in the expensive range. Strong tailwinds from central banks in the form of low interest rates and liquidity support via quantitative easing have largely been responsible for these stretched valuations, while markets have been further fuelled by both strength in the cycle as well […]

Market hopes are still ahead of the Fed

The market made its view clear at the end of last year: no more rate hikes. As the US Fed threw its tightening rhetoric into reverse, markets dramatically shifted their expectations for the next interest rate move, with a cut to the funds rate firming as a distinct possibility. As the chart below shows, the […]

Importance of diversification in times of uncertainty

February was another positive month for equity markets as they continued their upward trajectory, boosted by the Federal Reserve’s decision to place rate hikes on hold. This article is intended for licensed financial advisers only and is not intended for use by retail investors. February was another positive month for equity markets as they continued […]

Is the world really getting more uncertain?

Is the world a more uncertain place today than it was yesterday? And if so, how much more uncertain is it? If these questions only lead to more uncertainty, then the Atlanta Fed might have some answers. The central bank calculates two indices – one for economic policy uncertainty and one for market uncertainty – […]

Don’t assume volatility is behind us

This article is intended for licensed financial advisers only and is not intended for use by retail investors. Equity markets have continued their recovery through February, with the S&P 500 and S&P/ASX 300 both rising 5.2% in Australian dollar terms in the first three weeks of the month. This comes on the back of January’s […]

Lonsec Managed Accounts now available on Netwealth

Lonsec has seen significant growth in its Managed Accounts offering over the last 12 months, as financial advisers increasingly seek an efficient way to implement professionally managed portfolios. This growth is set to be given a further boost with Lonsec’s Managed Account solutions to be made available via the Netwealth platform. As managed accounts gain […]

Managed accounts can’t fly under the regulatory radar

Vertical integration in the advice sector has been a point of discussion within the financial services industry for many years. There are obvious conflicts that can potentially arise when advice is owned by an investment product manufacturer, and these have already been the subject of extensive scrutiny. Despite attempts to manage conflicts under vertical integration, […]

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