In December, the HNW Australian Equity Portfolio gained +5.66% but trailed the ASX200 TR return of +7.26% in a high beta Christmas rally to end the year. There was close to no company-specific news with companies in blackout before the release of [...]
Incitec Pivot (IPL) Today, the Australian fertiliser and global explosives company held their annual general meeting for 2023, which showered some Christmas gifts on their shareholders. The HNW Equity Growth Portfolio holds a 3% weight in IPL. Sale of [...]
In November the HNW Australian Equity Portfolio gained +5.24% slightly ahead of the benchmark’s return of +5.03%. Global markets (except for China) rallied over the month on the sentiment that interest rate rises had probably come to an end and that cuts in 2024 were on [...]
Incitec Pivot (IPL) Today, the global fertiliser and explosives manufacturer, reported their full year 2023 results, which were in line with expectations and full of capital management initiatives. The HNW Equity & Income Portfolios hold a 3% weighting to IPL. Key [...]
ANZ Bank (ANZ) released its full-year results, which came in just below market expectations, highlighting the increased competition in deposits and lending. ANZ is the last of the big banks to give their annual reports for 2023, with CBA to give its [...]
In October the HNW Australian Equity Portfolio declined by -4.78%, behind the index’s return of -3.78% in a market dominated by geopolitical concerns and higher interest rates rather than company specific news, despite many companies giving positive trading updates at their AGMs https://atlasfunds.com.au/october-trading-updates/ . [...]
Westpac Banking Corporation (WBC) released its full-year results, which came in line with market expectations, though we were pleasantly surprised about the buyback. Westpac is the first of the big four banks to report their full-year results this season, with Macquarie [...]
Macquarie Group (MQG): This morning, the global investment bank reported its half-year results for 2024, which were solid despite the half having much fewer investment banking deals and volatility in the marketplace. The HNW Equities Portfolio holds a 6% weight with [...]
Janus Henderson (JHG) This morning, the global fund manager presented their third quarter 2023 results, which were better than expectations, but the big news was plans to delist from the ASX and focus on the NYSE. The HNW Equity and Income [...]
In September, the HNW Australian Equity Portfolio declined by -2.36%, ahead of the index return of -2.84%. Stock movements over the month had nothing to do with company fundamentals, but rather macroeconomic concerns around higher interest rates and oil price which saw global [...]
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