Monthly Archives: July 2021

  • Just Google it

    Roger Montgomery
    July 23, 2021

    Over the three months to 30 June 2021 the Polen Capital Global Growth Fund increased by 10.91 per cent delivering an out-performance of 1.96 per cent compared to its benchmark the MSCI ACWI, in Australian Dollars. Stock selection within the communication services sector added relative value, led by Alphabet and Facebook. With Alphabet (NASDAQ: GOOG) being one of the top three contributors to performance in the quarter. Continue…

    by Roger Montgomery Posted in Companies, Stocks We Like.

  • How to position your portfolio for the delta variant

    Roger Montgomery
    July 22, 2021

    Since late 2020, we’ve pivoted our portfolios to businesses likely to benefit from the economy’s reopening – and generated excellent returns. But the emergence of the highly infectious delta variant makes the future far less certain. My take is that higher quality and structural growth businesses should again be on your radar. Continue…

    by Roger Montgomery Posted in Editor's Pick, Market commentary.

  • Polen Capital – a nice start

    David Buckland
    July 21, 2021

    Effective March 2021, Montgomery Investment Management became the distribution partner for Polen Capital in Australia and New Zealand. Polen Capital commenced operations in 1979, and the US$70 billion business is 71 per cent owned by its employees, who in turn have 100 per cent of the company’s voting rights. Continue…

    by David Buckland Posted in Value.able.

  • Why Chinese investors are shying away from Australia

    Andreas Lundberg
    July 20, 2021

    In Australia, mergers and acquisitions (M&A) are on the rise. But largely absent from this activity are Chinese businesses who, until recently, have invested heavily in our economy. Looking at the reasons behind this reduced investment, I think this trend could continue for some time to come. Continue…

    by Andreas Lundberg Posted in Global markets, Market commentary.

  • Fear And Greed: What the takeover frenzy means for investors

    Roger Montgomery
    July 19, 2021

    Roger Montgomery joined Sean Aylmer on the podcast series Fear And Greed  to discuss the frenzy of dealmaking on the Australian share market. Since the start of the calendar year to 30 June 2021, $85 billion worth of takeover deals have been conducted. Why are we seeing such an increase in takeover activity and what does this mean for investors?

    by Roger Montgomery Posted in Podcast Channel.

  • Where to invest in the battery metals boom

    Roger Montgomery
    July 19, 2021

    With the global electric vehicle (EV) market forecast to grow 10-fold by 2025 and 50-fold by 2030, and rising demand for energy storage, there’s never been a better time to be a lithium miner. Fortunately, Australia has a number of quality mining businesses for investors to consider. Continue…

    by Roger Montgomery Posted in Companies, Editor's Pick, Energy / Resources.

  • What can we learn from the investing themes of FY21?

    Joseph Kim
    July 16, 2021

    July is a natural time for us to review the financial year just past – both in terms of The Montgomery Fund as well as the investment journey of the broader market. The 2021 financial year was unprecedented in many ways, not just because the last 12 months has seemed more like an extension of the initial COVID-19 fallout of the June 2020 quarter, but also because of the volatility witnessed in the broader market given the rapid pace of developments in a suddenly “less predictable” world. Continue…

    by Joseph Kim Posted in Market commentary.

  • Solomon Lew has a few aces up his sleeve in the battle for the future of Myer

    Roger Montgomery
    July 15, 2021

    Rod Myer published an article in The New Daily discussing Solomon Lew’s increased stake in Myer from 10 per cent to 15.77 per cent. Does he intend to take control of the troubled department store? Rod calls on Roger’s and Stuart’s opinions. Read here.

    by Roger Montgomery Posted in On the Internet.

  • Chinese tech giant Alibaba keeps growing

    Roger Montgomery
    July 15, 2021

    Over the month of June 2021, the Polen Capital Global Growth Fund delivered a return of 6.46 per cent, outperforming the benchmark, the MSCI ACWI, in Australian Dollars, by 2.0 per cent. And over the June 2021 quarter, the Fund put on 10.91 per cent for an out-performance of 1.96 per cent. Today we look at a top 10 holding in the Fund, Chinese e-commerce backbone Alibaba (HKG: 9988). Continue…

    by Roger Montgomery Posted in Companies.

  • Is Tabcorp’s demerger of the Lotteries & Keno division a good idea?

    Stuart Jackson
    July 14, 2021

    Tabcorp has released the results of its strategic review into the structure of the company the board announced three months ago. The decision has been made to pursue a demerger of the Lotteries & Keno division from the company. While a trade sale of the Wagering & Media division has been rejected for the time being under this plan, the company intends to continue talking to the three bidders for the business. Continue…

    by Stuart Jackson Posted in Companies, Editor's Pick, Stocks We Like.