MB fund

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MB Fund Podcast: China to the rescue again?

This week’s LIVE webinar (12:30pm AEST, Thursday 18 April) – we look at recent numbers out of China, it’s subsequent investment implications and how we are adjusting portfolios to take advantage. Join MB Fund’s Head of Investments Damien Klassen, Chief Strategist David Llewellyn Smith and Tim Fuller as we discuss recent global data points and how

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MB Fund Webinar: What does China’s credit deluge mean?

This week’s LIVE webinar (12:30pm AEST, Thursday 18 April) we look at recent numbers out of China and examine what this means for Australian and global investment trends. Join MB Fund’s Head of Investments Damien Klassen, Chief Strategist David Llewellyn Smith and Tim Fuller as we discuss recent global data points and how we are

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Stay long grifters, influencers and lobbyists

There have been a number of commentators who have made the point that we have inflation in things we need (housing, utilities, fruit&veg, hospital services) and disinflation in things that we want (ice cream, TVs, cars, washing machines etc): But this isn’t the full story. Of the eleven main categories that the Australian Bureau of

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MB Fund Podcast Special Guest: Denise Brailey

We have another special guest week in Denise Brailey, who is President of the Banking and Finance Consumers Support Association. (BFCSA) BFCSA investigates fraud involving lenders, spruikers and financial planners worldwide. For the past two decades, Ms Brailey, President of BFCSA (Inc), has been a tireless campaigner, championing the cause of older and low-income people

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Ethical super funds, unethical fees

From SuperRatings last week Lonsec has sustainable (AKA ethical or ESG) super funds charging high fees and underperforming: the median performance of ‘sustainable’ investment funds is lower than the median performance of the SuperRatings SR50 Balanced (60-76) Index, comprised of traditional balanced super funds. Furthermore, the ‘sustainable’ funds have higher median fees. The combination of the

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Bond yields: Are we there yet?

We have long been of the view that the Reserve Bank is misdiagnosing the economic environment and interest rates are not going up any time soon. Over the past few months, interest rate markets have joined our pessimism and bond yields have fallen – netting a tidy profit on longer-dated bond holdings. After today’s RBA

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MB Fund podcast special guest: Damien Boey

We have another special guest week in Damien Boey, who is Credit Suisse’s head of Australian economics and equity strategy. He has worked for the firm for 13 years, and prior to his career at Credit Suisse, worked for 4 years at the Reserve Bank of Australia: After the interview we will then look at

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Strong start to 2019 for most super funds

Chant West has the latest performance stats: Super funds have kept up their strong start to 2019, with the median growth fund (61 to 80% in growth assets) gaining 2.7% in February on the back of the ongoing rally in share markets. “World share markets have traded in a V-shaped pattern over the past few

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Hostplus: Avoid bonds and cash

From Bloomberg: Australia’s best-performing superannuation fund is going against the grain by avoiding cash and bonds, betting the 30-year investment horizon of its youthful members means it can ride out looming economic shocks. Hostplus, which represents swathes of the country’s baristas and restaurant waiters, had about 53 per cent of its $40 billion invested in

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MB Fund February 2019 performance

Stock markets continued to rally in February to recover most of the losses from late 2018, at the same time Australian government bonds have continued to price a slowing Australian economy which led to a strong performance from all of our portfolios. International +5.3%, Tactical Growth +3.4% and Tactical Foundation +2.0% were the best performers. We

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Dodging the housing crash in your portfolio

We understand that many of our investors are concerned by the ongoing pullback in Australian house prices, and are now worried about this having an impact on their stock portfolios. As prices move from a long overdue correction, potentially into a serious meltdown, it is easy to see how this will have an increasing effect

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MB Fund Podcast – Frankencredits and you.

This week’s LIVE webinar (12:30pm AEST, Thursday 28 Feb) – we look at the proposed changes to refundable imputation credits. Join MB Funds’s Head of Investments Damien Klassen, and Tim Fuller as we bring you up to speed some of the impacts these changes will bring: – Who the changes will affect most – How

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AQR: New S.M.O.O.T.H. Fund fights the good fight

Quick shout out to AQR (a large US quantitative manager) who have a post out fighting the good fight against some of the big issues with funds with high levels of unlisted assets – this includes many of the large industry super funds in Australia. Three of the key issues they raise: 1. Reporting quirks

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Are you kidding yourself about diversification?

For years, the RBA has argued that an economic recovery is “just around the corner” with wages and inflation about to increase.  So far the RBA has been wrong – their preferred trimmed mean inflation has been below target for 3 years and counting. The issue is the penalty for being wrong during a housing

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MB Fund Webinar – China Attacks! LIVE THURSDAY

This week’s LIVE webinar (12:30pm AEST, Thursday 21 Feb) – we explore the retaliation of China on a number of fronts. Join MB Fund’s Head of Investments Damien Klassen, Chief Strategist David Llewellyn Smith and Tim Fuller as we bring you up to speed on the levers China can pull to exert influence on the

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MB Fund podcast: Special guest Graham Hand explores Hayne pain

Join MB Fund’s Head of Investments, Damien Klassen and Tim Fuller as we learn more about the real impacts of the recent Royal Commission on everyday Australian’s and the broader economy with bank veteran, author and now managing editor of the highly regarded Cuffelinks newsletter, Graham Hand. https://cuffelinks.com.au/   Take us on your daily commute!

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MB Fund Performance: January 2019

Stock markets continued to rally in January and the start of February to recover most of the losses from late 2018, at the same time Australian government bonds have begun to price a slowing Australian economy which led to a strong performance from all of our portfolios. International +4.3%, Tactical Growth +3.4% and Tactical Foundation +2.2%

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MB Fund Podcast: Will housing crash the Aussie economy?

This week’s LIVE webinar (12:30pm AEST, Thursday 7 Feb) – we explore the state of the four main pillars of Australian growth and the potential impacts on the economy. Join Nucleus Wealth’s Head of Investments Damien Klassen, Chief Strategist David Llewellyn Smith, Resident Economist Leith Van Onselen and Tim Fuller as we look at: – Household

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MB Fund Podcast: The Bear Awakes

This week’s LIVE webinar (12:30pm AEST, Thursday 31 Jan) – we explore the key bear themes that will have an impact on world markets in 2019. Join MB Fund’s Chief Strategist David Llewellyn Smith, Head of Investments Damien Klassen and Tim Fuller as we look at: – China – Can China arrest falling growth with

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MB Fund Webinar – The Bear Awakes – LIVE THURSDAY

This week’s LIVE webinar (12:30pm AEST, Thursday 31 Jan) – we explore the key bear themes that will have an impact on world markets in 2019. Join MB Fund’s Chief Strategist David Llewellyn Smith, Head of Investments Damien Klassen and Tim Fuller as we look at: China – Can China arrest falling growth with more

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MB Fund 2018 performance

Stock markets around the world bounced hard off their Christmas lows to give some respectability to what would have otherwise been another poor month for shares in December.  Being overweight bonds  came to the rescue in our tactical portfolios, in particular, our Income and Accumulation funds benefitted finishing up around 1% for the month. The

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MB Fund Podcast – Stocks vs. Bonds

This week’s LIVE webinar explores the prospects for global shares over the next 12 months Join MB Fund’s Head of Investments Damien Klassen and Tim Fuller as we look at: – The showdown between stocks and bonds, which will be the best performer in 2019? – What has been happening behind the scenes with MB

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MB Fund Webinar – Stocks vs. Bonds LIVE TODAY

This week’s LIVE webinar (12:30pm AEST, Thursday 24 Jan) – we explore the prospects of global shares over the next 12 months Join MB Fund’s Head of Investments Damien Klassen and Tim Fuller as we look at: – The showdown between stocks and bonds, which will be the best performer in 2019? – What has

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MB Fund Podcast – Bonds Away!

This week’s LIVE webinar – we explore the often overlooked world of BONDS. Join MB Funds’s Head of Investments Damien Klassen and Tim Fuller as we look at: – What are bonds and the different types available – How they should be classified and how to use them effectively – How bonds fit into a

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MB Fund Podcast – Bonds Away! LIVE THURSDAY

This week’s LIVE webinar (12:30pm AEST, Thursday 17 Jan) – we explore the often overlooked world of BONDS. Join MB Fund’s Head of Investments Damien Klassen and Tim Fuller as we look at: – What are bonds and the different types available – How they should be classified and how to use them effectively –

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Another broken broker

Another unfortunate stockbroker collapse announcement in Halifax Investment Management leaving thousands of clients with over $200 million frozen while administrators review the damage and evaluate the return of capital (which may take months). You can add Halifax to a string of failed brokerages (although admittedly, the likes of Sonray and Opes Prime were based on

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Impact investing is bullshit

Elizabeth Knight has a look today at impact investing and millennials: Whether or not you subscribe to the view that today’s youth are an entitled, smashed avocado-eating, device-obsessed group, it won’t be that long before they move from being just consumers to being investors. And this they will do very differently from their parents and grandparents.

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MB Fund November Performance

Stock markets around the world have fallen precipitously over the last 3 months, and our portfolios have not been immune to the effects. We have maintained our overweight cash and bond positions which helped to stem the losses and helped our portfolios outperform – although falling by less than competitors is rarely of much solace