Aura Group

I joined Juliette Saly on Ausbiz to discuss why traditional approaches to diversification may no longer provide the same protection for investors. We explored persistent inflation, growing concentration in equity markets, the risks emerging around AI and hyperscaler spending, and why investors may need to look beyond the traditional 60/40 portfolio towards alternative strategies, including private credit.

Watch the full episode on Ausbiz here: Why Roger thinks 60/40 diversification is dead continue…

by Roger Montgomery Posted in Aura Group, Economics, Investing Education, Market commentary, TV Appearances.

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I speak with Brett Craig, Director of Private Credit at Aura Credit Holdings, about how Aura structures its private credit portfolios with multiple layers of protection aimed at preserving investors’ capital. Brett explains how this begins with selecting quality Australian businesses, rigorous credit assessment and tangible loan security, before adding further protection through lender equity that sits below Aura’s investment in the capital structure.

We also discuss the role of diversification across thousands of underlying loans, short loan durations of typically three to five months, and independent monthly risk assessments by Open Analytics. Together, these measures are designed to manage risk across the portfolio and provide multiple avenues of protection should a borrower experience financial difficulty.

Learn more about private credit. 

Alternatively, you can speak with David Buckland or Rhodri Taylor here at Montgomery on (02) 8046 5000. continue…

by Scott Phillips Posted in Aura Group, Editor's Pick, Insightful Insights, Investing Education, Video Insights.

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I speak with Brett Craig, Director of Private Credit at Aura Credit Holdings, about how independent credit analysis can help investors and advisers better understand and compare risk across private credit portfolios.

Brett explains how Aura works with Open Analytics to independently assess its portfolios each month using bank-grade credit risk methodologies. The analysis considers every underlying loan, incorporates changing economic conditions and runs one million Monte Carlo simulations to assess expected credit losses and portfolio resilience. The resulting S&P-equivalent credit ratings provide advisers and investors with an additional, objective tool to support due diligence and understand the underlying risk within Aura’s private credit portfolios.

Learn more about private credit. 

Alternatively, you can speak with David Buckland or Rhodri Taylor here at Montgomery on (02) 8046 5000. continue…

by Scott Phillips Posted in Aura Group, Editor's Pick, Popular, Video Insights.

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I speak with Brett Craig, Director of Private Credit at Aura Credit Holdings, about the key differences between the Australian and U.S. private credit markets, and why the risks making headlines overseas may not necessarily translate directly to Australia. We discuss how differences in borrowers, lending structures, loan duration, asset security and legal frameworks can result in very different risk profiles.

We also explore Aura Private Credit’s approach, including its focus on established businesses, asset-backed lending, shorter-duration loans and portfolio diversification. Brett explains why understanding how a manager generates returns, manages liquidity and protects against potential losses can be more important than simply comparing headline yields.

Learn more about private credit. 

Alternatively, you can speak with David Buckland or Rhodri Taylor here at Montgomery on (02) 8046 5000. continue…

by Scott Phillips Posted in Aura Group, Editor's Pick, Insightful Insights, Investing Education, Popular, Video Insights.

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For some time now, I have been writing about the fundamental structural shift occurring in global asset allocation, and specifically, the figurative death of the traditional 60/40 portfolio.

For many years, the typical approach to wealth management and balanced portfolios was to allocate 60 per cent to growth equities for potential capital gains and 40 per cent to public bonds to provide stability and income. 

When a recession struck and equity markets ran into headwinds, central banks cut interest rates, driving bond prices higher and shielding portfolio returns by offsetting stock market losses. continue…

by Roger Montgomery Posted in Aura Group, Economics, Insightful Insights, Investing Education, Market commentary, Market Valuation.

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How to respond

Across my articles and media commentaries, I have emphasised that preparing for an artificial intelligence (AI) re-pricing is not about timing a top or shorting tech, but rather about protecting capital through discipline, factor balance, and liquidity.

There are five primary strategies to insulate an investment portfolio from an AI re-rating:

1. Diversify away from equity index heavyweights

Broad, passive equity indices (such as the S&P 500 or Nasdaq) are historically concentrated. Passive flows into index funds mean a significant portion of an investor’s exposure is tied to six or seven AI-driven mega-caps.

Rebalance away from broad index funds that leave up to 60 per cent of equity risk tied to the AI trade. Investors might also consider locking in recent gains and diversifying equity exposure across unsung, non-AI themes. continue…

by Roger Montgomery Posted in Aura Group, Economics, Insightful Insights, Investing Education, Manufacturing, Market commentary, Market Valuation, Technology & Telecommunications.

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This week I am back with Over The Money Fence with Nicola Dale and Di Edwards.

This series aims to help you take control of your finances with clarity and confidence. In this episode, we go through the biggest bombshells from this year’s budget and what the practical implications are for you and your money. I explain why the changes to the budget don’t actually benefit young Australians, and therefore positioning it in this way is simply untrue. 

We talk about the hype around SpaceX being publicly listed, overtaking Amazon in market value, and I share my thoughts on whether the hype is real or if this company has been overvalued. 

We also discuss private credit funds and why they can be a good investment option for people that want good returns without the volatility of the share market.

I loved having this conversation with Nicola and Di in the studio, helping to make them and our listeners feel more calm and confident about their financial decisions. We hope you enjoy this episode as much as we did. 

Tune into past episodes of Over the Money Fence here. 

For further information, please contact David Buckland, Chief Executive Officer or Rhodri Taylor, Account Manager on (02) 8046 5000 or investor@montinvest.com. continue…

by Roger Montgomery Posted in Aura Group, Economics, Insightful Insights, Investing Education, Market commentary, Podcast Channel.

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The Federal Labor Government’s 2026-27 Budget tax reform package represents the most sweeping overhaul of Australia’s investment tax landscape in nearly three decades. By winding back the traditional pillars of wealth creation – specifically the 50 per cent Capital Gains Tax (CGT) discount and negative gearing on established residential property – the government has fundamentally altered the math of investing.

While today’s major policy concessions (including exemptions for testamentary trusts and a step back from sweeping ministerial discretionary powers) provide some targeted relief, the core framework remains intact.

The clear takeaway for investors is a systemic structural shift: the traditional focus on heavily leveraged capital growth has been severely compromised, making high-yielding income generation far more appealing. continue…

by Roger Montgomery Posted in Aura Group, Economics, Editor's Pick, Feature Article, Insightful Insights, Investing Education, Popular, Property.

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Proposed changes to negative gearing, capital gains tax (CGT) and new Australian Taxation Office (ATO) rules for holiday homes could significantly alter the economics of property investing in Australia. By reducing the tax advantages associated with property ownership, the changes may weaken demand across several investor groups and influence property prices over time.

Drawing on supply and demand principles, this whitepaper paper examines how investors, rentvesters, property flippers, holiday homeowners and discretionary trusts could be affected. It also explores the potential impact on borrowing capacity, resale demand and the attractiveness of established residential property compared with new builds. continue…

by Roger Montgomery Posted in Aura Group, Economics, Editor's Pick, Market commentary, Popular, Property, Whitepapers.

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San Francisco and Lisbon-based KIÉR LIÓR provides institutional investors, family offices, and direct lenders with institutional-grade oversight, underwriting and portfolio management services for international private credit portfolios.

On the subject of Private Credit, their musings are well worth your time, remembering the comments are typically U.S. and Euro-centric, where conditions and legal frameworks may not favour lenders as much as they do in Australia.

Reflecting on a recent episode of the Credit Edge podcast featuring Goldman Sachs Chief Credit Strategist Amanda Lynam, KIÉR LIÓR Managing Director Aznaur Midov noted: continue…

by Roger Montgomery Posted in Aura Group, Economics, Market commentary.

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