Andrew Macken
Andrew Macken is the Chief Investment Officer of the Montaka funds and the Montgomery Global funds. He established MGIM in 2015 in partnership with Montgomery.
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articles by Andrew Macken
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Optum – a hidden gem in US healthcare
Andrew Macken
August 14, 2020
It is no secret that healthcare expenditure in the United States is an outlier compared to other similar countries. And, similar to much of the rest of the developed world, demand for healthcare in the US will only accelerate as the baby boomers continue to retire en masse. Today, there are approximately 55 million US citizens over the age of 65 years old. By 2030, there will be approximately 75 million. Continue…
by Andrew Macken Posted in Companies, Health Care, Stocks We Like.
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- POSTED IN Companies, Health Care, Stocks We Like.
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Spotify’s self-reinforcing business drivers
Andrew Macken
August 6, 2020
When we wrote about our thesis on Spotify recently, we intentionally left out a chart that shows the detailed drivers of Spotify’s revenues. It is shown below and is worth examining to get a sense of the multiple levers management can pull to grow revenues over the long term. Continue…
by Andrew Macken Posted in Companies, Stocks We Like.
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- POSTED IN Companies, Stocks We Like.
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The simple realities of governing in a pandemic
Andrew Macken
August 4, 2020
Five months into the pandemic and one thing has become clear: eradication of COVID-19 is not a viable option for most nations. Instead, most are pursuing various forms of containment strategies aimed at buying time until widespread vaccinations can enable the return of more normal times. Continue…
by Andrew Macken Posted in Global markets, Market commentary.
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Montaka’s quarterly update (Q2 2020)
Andrew Macken
July 23, 2020
The world has changed drastically over recent months and our portfolios have also been updated to reflect the new realities we face today. With the June quarter now behind us, that rounds out an extraordinarily turbulent 12 month period. In this video update, Andrew shares Montaka’s latest thinking. Continue…
by Andrew Macken Posted in Video Insights.
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- POSTED IN Video Insights.
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Will Spotify be a long-term winner?
Andrew Macken
July 20, 2020
We believe Spotify (NYSE: SPOT) is an attractive investment opportunity because it commands an improving leadership position in the structurally growing, global digital audio streaming marketplace, underpinned by its expanding reservoir of proprietary consumer preference data. Continue…
by Andrew Macken Posted in Companies, Stocks We Like.
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A game of credibility
Andrew Macken
July 9, 2020
Australia has fared relatively well through the COVID-19 pandemic. That said, we have still faced enormous economic and financial disruption domestically. In times of crisis, the RBA naturally steps in stimulate monetary conditions and facilitate the orderly operations of financial markets. Continue…
by Andrew Macken Posted in Market commentary.
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- POSTED IN Market commentary.
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Does Australia control her own destiny?
Andrew Macken
July 6, 2020
Was Australia’s housing boom driven by the fall of the Berlin wall? Did China’s registration system for domestic households contribute to higher property prices here? Surely not. How could it be that these political developments in far away lands have anything to do with our local housing market? Continue…
by Andrew Macken Posted in Market commentary.
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- POSTED IN Market commentary.
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Podcasts and the death of news radio
Andrew Macken
June 25, 2020
As the announcement of cuts being made to ABC news radio are digested in Australia, it’s worth stepping back and considering the long-run trends in news consumption. Continue…
by Andrew Macken Posted in Companies, Stocks We Like.
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- POSTED IN Companies, Stocks We Like.
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Is it about time we stopped paying tax?
Andrew Macken
June 24, 2020
In this article for the Herald Sun Andrew questions why we pay taxes. If the Fed can simply buy an infinite amount of government debt, then it must be true that the government can issue an infinite amount of debt. And if this is true, then government spending will be financed by the central bank. So why bother with any taxes at all? Read here.
by Andrew Macken Posted in In the Press.
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Why are we paying taxes?
Andrew Macken
June 9, 2020
Why do we pay taxes? It is a simple question with a seemingly simple answer. Most would agree that taxes obviously need to be paid so that the government can pay for essential services in which we all share. Continue…
by Andrew Macken Posted in Market commentary.
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