In a 1970 article in the New York Times Magazine, Nobel Laurette and late University of Chicago Professor Milton Friedman pronounced that "the social responsibility of business is to increase its profits". Read more

Fundamental (discretionary) portfolio managers typically build their portfolios from the bottom up. That is, they identify stocks they expect to beat the market and combine them to create a portfolio. Read more

The "climate wars" pitting the two major political parties against each other has been one of the most debilitating features of the public policy debate in Australia over the past decade. Read more

The past decade has witnessed the birth of a new asset class: Global Listed Infrastructure Securities (GLIS). While investors have embraced infrastructure as an asset class since the 1990s, the idea of investing in infrastructure via listed securities ... Read more

The qualities that make emerging market debt attractive to institutional investors are no mystery: higher coupons than developed market debt, within a diversified investment universe. Read more

While housing has definitely helped support the Australian economy over the past four to five years, any further increases in house prices that are in excess of wage growth will represent potential systemic risks for the Australian economy. Read more

Out-of-sync global growth appears apt to continue in 2017, much as we have seen in the past few years. Read more

The Australian investment market of 2017 is evolving rapidly. Read more

There has been a great deal of media discussion about what happens to bonds when the Federal Reserve raises interest rates again. The broad consensus is that they'll raise, so the questions become: by how much, how often, when, and what is the RBA's ... Read more

East coasters who believe property cannot turn lower should really take a look at what is now being experienced in Perth, Western Australia, right now. Read more