Keeping an Open Mind on Market Themes
In a crazy 12 months for markets, it became clear to us that what was a logical and compelling macro view one moment could fundamentally change a few months’ later.
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Boral Case Study: Building a Position in Cyclical Companies
In reflecting on the last couple of years we are pleased with the fund’s performance, delivering solid returns for our unit holders. Here, we consider one of the stock picks that worked out well for us.
Read MoreLessons Learned Over the Last Twelve Months
As we head into the new financial year, we feel really excited by the stocks and exposures we have in both the long and short book. However, if FY21 has taught us anything it is to keep an open mind and learn from where we got things wrong.
Read MoreSpotting the Gaps and Value Traps
As a fundamental value manager, one way we can add value is avoiding value traps. A few value-style companies raised red flags in FY21 and, as a result, we were short or did not own them.
Read MoreManagement Teams that Passed the Covid Test
One of Perpetual’s key filters when assessing businesses to invest in is the quality of their management teams. This was further amplified by the COVID-19 pandemic, as Anthony Aboud explains.
Read MoreFlagship Investment Fund Shows Benefits of Active Management
Perpetual’s Anthony Aboud explains why investing in sustainable business models, companies generating cash flow and excellent management teams have been key to the Industrial Share Fund’s success.
Read MoreUnpacking The Impacts Of COVID-19
An understanding of the government’s political motivations and willingness to keep the economy on life support may highlight investment opportunities.
Read MoreGood And Bad News For Value Investors
Despite the prevalence of bad news stories and a sea of red across stock screens, Perpetual’s Anthony Aboud argues it’s not all bad news.
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