ASX weaker, Macquarie stands out, gas merger to go green The ASX200 (ASX: XJO) fell 0.2% on Wednesday continuing the negative week with materials continuing to push the market lower, down 1%. Real estate was also hit with the likes of Goodman Group (ASX: GMG) down 2.1% on higher bond rates. The highlight was the financial sector which finished 10.6% higher as Macquarie (ASX:…
The Australian IPO market is again heating up, with a handful of new listings hitting the bourse this week, many taking the opportunity to raise capital following the pandemic. According to the HLB Mann Judd IPO report, there were 74 IPOs in 2020, raising a total of $4.9 billion. The first half of 2021 has…
Stockbroking house Morgans has released its ‘best ideas’ research note for September. The paper outlays some of Morgan’s best ideas that offer the highest risk-adjusted returns over a 12-month timeframe supported by a higher-than-average level of confidence. Here are six of the firm’s best picks: Universal Store (ASX:UNI) – UNI’s main activity is the selling…
“Responsible” investments in Australia continue to grow at a mammoth rate, with their popularity soaring toward $1.3 trillion in 2020. This year’s Responsible Investment Benchmark Report, published by the Responsible Investment Association of Australia (RIAA), has shown assets under management (AUM) up $298 billion, or 30 per cent, to $1.281 trillion in 2020 pulling the…
You could be forgiven for thinking that 2020 was a difficult year for property investors, with the pandemic impacting all asset classes in unforeseen ways, no more so than property. As we have seen in other asset classes, there is still little certainty in what lies ahead beyond lockdowns, social distancing and the reopening trade….
“Iron ore remains a commodity that polarises the market,” according to Ausbil’s local investment team. Among the stable of strategies it runs is the Ausbil Global Resources Fund which, as the name suggests, must have a strong view on almost every major commodity. 2021 has been dominated by talk of another commodity super-cycle. Buoyed by…
Small and mid-cap global equity specialist, Bell Asset Management, this week released a paper outlining its best ideas for the rest of the year. In the paper, titled “COVID Opportunists,” the group has identified six global leaders that have emerged stronger through the pandemic. During a year when Covid-19 ravaged company earnings, these six companies…
The Macquarie Group Ltd (ASX: MQG) share price is on watch today after giving investors an update regarding its HY22 progress. Macquarie’s update The global investment bank said that it’s expecting the FY22 first half profit to be slightly down on the FY21 second half profit, despite a solid FY22 first quarter. It mentioned that the FY22 first…
