MB fund

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MB Fund named finalist in 2020 IFA Excellence Awards

We are proud to announce that the MB Fund has again been named a finalist in the upcoming 2020 ifa Excellence Awards in the “Innovator of the Year – Company” category. It’s been a big year for the MB Fund. We: Had our third birthday in July: marking 3 years of fund performance that we’re

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MB Fund Podcast: Is Superannuation Distorting Investment Markets? With Dr Cameron Murray

Our attention turns this week to what is most Australian’s second biggest asset, Superannuation. Super means a lot things to every Australian. For some it’s a tax efficient long term savings vehicle that if managed well can provide security and reassurance that retirement will be comfortable and reliable. For others it is an annoying, mandated

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MB Fund September 2020 Performance

September has historically been the worst month for the stock market, and this year was no exception with global equities producing their first monthly negative return since bottoming in March. In Australia, rising concerns about the deteriorating trade relationship with China, Victoria’s continuing shutdowns and looming end-September step-downs in income support programs all took a

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MB Fund Podcast: The disastrous Economics of Climate Change, with Prof. Steve Keen

On the agenda today: • prof. Keen’s recent work on the appallingly bad neoclassical economics of climate change, in which he contends numerous errors have been made in calculating the economic effects of climate change. Correcting for these errors makes it feasible that the economic damages from climate change are at least an order of

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A quick rant on the Australian budget

I wanted to talk about the Australian budget. I’m not seeing what the admirers are seeing. At first, I was worried that I’d missed something. But yesterday’s dovish speech by Governor Lowe suggests the Reserve Bank are seeing exactly the same thing I am. Four months ago, I wrote what good government stimulus would look like. This budget

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MB Fund Podcast Special: Dr Frankenberg’s Mad Budget Experiment!

A special episode of the podcast this week, in which MB Fund’s Chief Strategist David Llewellyn Smith, Chief Economist Leith van Onselen, Head of Investments Damien Klassen, and Head of Advice Tim Fuller dive into Dr Frankenberg’s Mad Budget Experiment! (aka Australia’s Budget). On the agenda: • The budget numbers & policies • Economic, political

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Your diversification free lunch is not “all you can eat”

Nobel prize winner Harry Markowitz gets the credit for coining the phrase that “diversification is the only free lunch in finance”. Add the insight that stock markets are at least semi-efficient, and a multi-trillion dollar exchange-traded fund (ETF) industry was born.  And indeed, many exchange-traded funds are worthwhile investments, providing low-cost diversification. But some take

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The macroeconomics of Australian residential property investing

Before COVID-19 hit, Nucleus Wealth launched an Australian property calculator. The idea I wanted to illustrate is that house prices are very sensitive to interest rates. So, with interest rates so low, property was going to be stuck in purgatory: if the economy improved and interest rates increased then higher interest rates would cap property

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MB Fund August Performance

August saw the market continue the recovery as investors cheered positive news of a potential COVID-19 treatment and welcomed a month-long succession of upbeat economic data. The month’s recovery was underpinned by a series of better than expected economic reports, including an increase in manufacturing activity, better-than-anticipated factory orders, and a lessening of new jobless

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MB Fund podcast: Is Gold the anti-dollar? With John Deniz

In today’s investment webinar,MB Fund’s Head of Investments Damien Klassen, Chief Strategist David Llewellyn Smith, Head of Operations Tim Fuller and funds manager John Deniz turn their attention to if Gold is the anti-dollar. On the agenda, the correlation between USD & Gold, where we see the gold price heading, the US budget deficit and

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eSports are sexy, but expensive

The digital games and interactive media sector is probably much larger than you think and still growing. To put it into perspective, one of the highest rating movies ever, Avengers: Endgame, grossed US$858m during its opening weekend. Grand Theft Auto V’s release, earned US$1b in just over three days.  Originally just a PC/console experience, ubiquitous

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MB Fund Podcast: Gammaquake! Are markets about to break?

Is the Gammaquake over or just beginning? What actually is gamma and why should you care. Join us today to discuss recent market movements and what they mean for investment portfolios In today’s investment webinar MB Fund’s Head of Investments Damien Klassen, Chief Strategist David Llewellyn Smith and Head of Operations Tim Fuller investigate if

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Is your super fund a cork in the storm?

Markets took a tumble last week, is this the start of the end? It could well be. Markets certainly looked like they were in the final stages of a blow-off top over the last week or two with fewer and fewer stocks driving the gains and technical issues in options markets driving stocks higher. Maybe

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An update on the Dixon Advisory disaster

Over a year ago I made some comment on breaking news that the wealth arm, Dixon Advisory within listed wealth giant Evans Dixon had been publicly called to task on recommendations for clients to invest in several of their in-house investment products that had performed poorly. One particularly egregious performer was their heavily recommended US property fund, URF,

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MB Fund Podcast – Australian Households weighed down by Debt Anchor? With Prof. Richard Holden

In today’s investment webinar Nucleus Wealth’s Head of Investments Damien Klassen, Head of Advice Tim Fuller and Prof. Richard Holden explore what measures are left for both monetary and fiscal levers with the chance to prevent, or exacerbate the indelible effects of the pandemic on the Australian economy. Join us as we discuss the ongoing

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MB Fund July performance: In the eye of the storm

Investment markets are in the eye of the storm. The initial storm danger came as COVID-19 hit, decimating jobs and smashing demand. Governments and central banks ably stepped up to stem the damage, and investment markets calmed. But insolvencies and bankruptcies have only been delayed, not avoided and the employment recovery is unlikely to be

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MB Fund Podcast: Testing Australian Property for Coronavirus, with Stephen Mitchell

With the Australian property market in a marked period of uncertainty due to Coronavirus, we take an on-the-ground look at what’s happening within the broader lending market. This means diving into the world of bad debts as they relate to bank lending, developers, commercial and residential property to get an indication for just how great

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Could Trump be right about… ethical investing???

Many of you will have seen Trump’s announcement essentially trying to prevent pension funds from considering ethical issues for investing. To quote The Australian: After a remarkable run of success in the investment sector, ethical investing has received an unwelcome jolt from the US government with a Trump administration proposal to remove so-called Environmental, Social and

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MB Fund Podcast: The Future of Financial Advice with Purpose Advisory and Metlife

The landscape of the financial advice industry has changed rapidly over the past decade, meaning major changes for clients and advisers alike. To unpack the changes, what these mean for clients and advisers, and what the future of financial advice looks like, we’ve brought Tristan Scifo and Harry Goldberg from Purpose Advisory onto the panel

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MB Fund Podcast: Will Technology Driven Deflation be ‘The Price of Tomorrow’? With Jeff Booth

Join us as we discuss Technology’s ever-growing role in the world, the resulting deflation it will generate, and the major structural changes to the economy as we know it caused by this. We discuss these changes in industries it’s already happened in, as well as some likely candidates such as energy and automotive. We wrap

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An investor’s guide to good government stimulus

We are in a strange political environment. Globally there have been trillions of dollars of government stimulus announced, deficit hawks have turned chicken, and formerly staunch opponents of government intervention have been leading the charge. How should investors assess each government stimulus announcement? One day the Australian government told us they had the right level

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MB Fund Podcast: Pulling back the curtain on Australia’s economy with CBA’s Head of Economics, Gareth Aird

Join us as we discuss CBA’s real-time tracking of the Australian economy, the difficult path ahead, the role of government in stimulating growth, and Gareth’s views on the housing market. In today’s investment webinar MB Fund’s Head of Investments Damien Klassen, Chief Economist Leith van Onselen, Head of Financial Advice Tim Fuller and CBA’s Head