MB fund

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March MB Fund Performance

March was a shocker for the ASX with the ASX200 down over -4%. Investors in our tactical funds did much better, led by our income and accumulation funds increasing +0.4% and +0.3% respectively.  International shares performed much better than Australian shares (helped by a falling Australian dollar) finishing down -1.1%. In particular, our March performance

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MB fund webinar: Boom or Bust for Commodities ?

This week on Nucleus Insights AUSTRALIA – Boom or Bust Commodities ? 19th of April, 12.30PM, GMT + 11:00 Join us this Thursday to hear about the impact of recent events on the rise and fall of Australia’s Commodities. This week David Llewellyn-Smith and Leith Van Onselen will be joining Damien Klassen and Tim Fuller, looking

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IAG: Driverless cars 20 years away

David Harrington from IAG channels Upton Sinclair: “It is difficult to get a man to understand something, when his salary depends upon his not understanding it”. From The Australian: Australia has 700 pieces of different regulation that need to be changed before driverless cars can take to the roads, according to Insurance Australia Group, which

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Nucleus Insights : World Valuation Round Up (Live Today)

World Valuation Round Up LIVE TODAY – 12.30PM, GMT + 11:00   Join Damien Klassen and Tim Fuller this afternoon as we embark on a deep dive into: – Global stock valuations – The impacts of credit – How this is applied to the portfolios at Nucleus Wealth Make sure to sign up to tune in

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Is dividend imputation distorting Australian capital?

There have been changes proposed by the Labor party to imputation credits. We have put together a quick series looking at a number of aspects for investors: In Part 1 (link) we looked at the winners and losers from the proposed changes In Part 2 we look at some peripheral issues (a) at how management

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Who are the real winners and losers from imputation reform?

The dust is starting to settle a little on the Labor governments recent proposal to stop the refund of unused franking credits and lines are slowly being drawn in the sand in preparation for battle. An interesting (but unfortunately obvious) emergence has been the ‘inbetweener’ advocation of battlers that are potentially going to be adversely

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Nucleus Insights : Oz Economics (Live Today)

NUCLEUS INSIGHTS : OZ ECONOMICS  LIVE TODAY – 12.30PM, GMT + 11:00 Today Leith Van Onselen and David Llewellyn-Smith will be joining Damien Klassen and Tim Fuller as they dive into the current position of Australian Economics.    – What will we be facing in a few years time ?  – How to spot opportunities in

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International shares and tax

There have been changes proposed by the Labor party to imputation credits. We have put together a quick series looking at a number of aspects for investors: In Part 1 (link) we looked at the winners and losers from the proposed changes In Part 2 we look at some peripheral issues (a) at how management

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MB Fund webinar: Drivers of volatility

————————————————- If the themes discussed above are of interest and you’d like to know more about the MBFund then send us your details below and we’ll be in touch. The information on this blog contains general information and does not take into account your personal objectives, financial situation or needs. Past performance is not an

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MB Fund webinar: Drivers of volatility

Nucleus Insights Series will be live today, 12.30PM (GMT + 11.00) Join David Llewellyn-Smith, Damien Klassen and Tim Fuller as they walk through the key causes for Market Volatility and the recent events that occurred last week. – What does it mean for your portfolio ? – What opportunities will this bring ? – How do

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MB Fund February Performance

Our pitch to investors has been that by investing in a mix of quality and value stocks you can avoid a lot of market volatility.  Our portfolios didn’t chase the market higher in January, and then made up ground in February with our direct international portfolio posting a 1.6% gain and our tactical portfolios all returning between

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Why do retail investors lose?

There is a battle going on in the financial press for the hearts and wallets of retail investors. On one side is research houses Morningstar and DALBAR who both regularly publish studies showing that retail investors underperform – DALBAR’s most recent report thinks retail investors do 3.5% worse per year than the market, Morningstar think

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MB Fund January Performance

Given the events of the last week, it feels like performance for January is largely irrelevant. The headline is that the US market is down 10%+ from its peak a few short weeks ago, punctuated by two ~4% down days. But, the headline doesn’t mention the rapid rise in January, or that for Australian investors

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What to do in a market meltdown

With markets in free fall over the past two days,  the question for investors is what to do? Here is a quick list of things that I go through in market downturns: 1. Don’t panic – assess the situation rationally. Retail investors have a distinct tendency to buy when markets have risen and sell when

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MB Fund December Portfolio Performance

Good news: Stock selection continues to support performance with our international portfolio outperforming a falling world market. Bad news: Statistically, December was the worst month so far for our Tactical Portfolios. Perspective: A 3-day fall in global shares (priced in AUD) between Christmas and New Year was the only reason for the negative performance, and

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Bracing for a near term melt-up

I wanted to follow up on Jeremy Grantham’s comments from yesterday and run through some of GMO’s asset allocation views from the perspective of an Australian investor. Jeremy Grantham & Co. at GMO have put out two thoughtful (as always) pieces in the last 3 weeks. I rate the team there highly and so when

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MB Fund November performance (part 2)

One of our core investment themes is that international stocks are the best asset class for Australian investors at this point in the cycle. To date, this has been the right call, with our international portfolio increasing over 13% over the last 4 months on the back of a weak Australian dollar, favourable stock selection

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MB Fund November portfolio performance – Part 1

One of our core investment themes is that international stocks are the best asset class for Australian investors at this point in the cycle. To date, this has been the right call, with our international portfolio increasing over 13% over the last 4 months on the back of a weak Australian dollar, favourable stock selection

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The Australian SMSF landscape

We recently ran a webinar entitled the SMSF Asset Allocation Master Class in which, as an introduction, I thought I might provide a snapshot of the Australian SMSF landscape. The following graphs have been created from an ATO dataset who publish SMSF statistics quarterly, the most recent being Jun 2017 which was released a couple

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MB Fund webinar: The boom and bust of China LIVE NOW!

Live at 12.30PM is the MB Fund webinar on China Boom and Bust. China’s own central bank recently described it as arriving at a “Minsky moment”, when credit excesses  overrun productive growth leading to financial crisis. Join David Llewellyn Smith, Damien Klassen and Tim Fuller to discuss the boom and bust of China, as well as

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MB Fund webinar: The boom and bust of China

Tomorrow (November 28th) continues our series of big topic webinars with a look at where China’s economy is headed, focusing on 2018. China’s own central bank recently described it as arriving at a “Minsky moment”, when credit excesses  overrun productive growth leading to financial crisis. Join David Llewellyn Smith, Damien Klassen and Tim Fuller to discuss

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MB Fund Q&A podcast: Markets, houses, hot stocks and the universe

Enjoy. Here’s the recent fund performance: Source: Linear, Factset The returns above include fees and trading costs on a $500,000 portfolio. Note that individual client performance will vary based on the amount invested, ethical overlays and the date of purchase. The benchmark returns do not include fees. October monthly returns are currently at 4.9% for