Off-market share buybacks are a curious form of Australian corporate action: what rational investor would deliberately elect to sell back shares at a price below market value? The answer lies in the aftertax value of the transaction. A superannuation ... Read more

Retirement investing is necessarily complex. The median superannuation balance when entering retirement generally will not be adequate enough to support a comfortable lifestyle in the retirement years ahead. This paper outlines the major investment ... Read more

When a company is the subject of its own blockbuster movie, it tends not to be good news. Examples of Deepwater Horizon (BP), The Social Network (Facebook) and Too Big to Fail (multiple financial institutions) only serve to promulgate this view. The ... Read more

An alternative to a self-managed superannuation fund (an SMSF) establishing a limited recourse borrowing arrangement (LRBA) is for the fund to invest in a unit trust. An advantage of a fund investing in a unit trust is that it allows the resources of ... Read more

Over the past decade, investors have pursued a growing range of responsible investing objectives. Increasingly, investors recognise the alpha potential and risk mitigating properties of responsible investing. Read more

In 1987, the then Federal Treasurer Paul Keating remarked that if you went into your local pet store, you would find the galah talking about microeconomic reform. In 2019, those same galahs (they can live up to 40 years) must surely be talking about ... Read more

Socially conscious investing, whereby companies are evaluated not only by their investment potential but also by their environmental and social impact, is one of the fastest growing investment strategies in the world as investors strive to align their ... Read more

"It is a riddle, wrapped in a mystery, inside an enigma." ~Sir Winston Churchill Read more

Water. Energy. Food. Three vital components for sustainable development. The interaction of these factors is commonly referred to as the Water-Energy-Food Nexus (WEF-Nexus). Read more

On 31 January 2019, J.P. Morgan, which manages the EMBI suite of emerging market bond indices, added five new countries of the Gulf Cooperation Council (GCC) to the external debt benchmarks. Read more