Aura Group
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Aura Private Credit: Letter to investors 28 October 2022
Brett Craig
October 28, 2022
This week, the Treasurer delivered the Federal Budget a day before the Australian Bureau of Statistics confirmed our expectations that inflation is still on the rise. The consensus view of the investment team was that the Federal Budget on the whole was conservative and responsible given the economic conditions we are currently experiencing and the degree of uncertainty that lays ahead. continue…
by Brett Craig Posted in Aura Group.
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Which investments made money in September 2022?
David Buckland
October 27, 2022
September was a very tough month for investors with the ASX 300 Accumulation Index down 7.6 per cent, the Australian Small Ordinaries Accumulation Index down 11.2 per cent and the MSCI World Accumulation Index in US$ down 9.5 per cent. Even Government Bonds declined in value with the ASX Australian Government Bond Index losing 1.7 per cent whilst the S&P U.S. Aggregate Bond Index declined almost 4 per cent. continue…
by David Buckland Posted in Aura Group.
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Aura Private Credit: Letter to investors 21 October 2022
Brett Craig
October 21, 2022
This week’s insights are focused on the RBA’s minutes released earlier in the week. The RBA has identified additional considerations being made that will influence their future rate decisions, with a hint of a slow down in rate rises. continue…
by Brett Craig Posted in Aura Group, Market commentary.
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MEDIA
Montgomery Investment Management launches retail credit fund
Roger Montgomery
October 10, 2022
Penny Pryor published an article in Industry Moves discussing the launch of the Aura Core Income Fund. The Aura Core Income Fund is an open-ended fund which invests in a pool of Australian private debt assets including asset backed SME loans. Read the article: Montgomery Investment Management launches retail credit fund continue…
by Roger Montgomery Posted in Aura Group, On the Internet.
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Aura Private Credit: Letter to investors 07 October 2022
Brett Craig
October 10, 2022
The Reserve Bank of Australia (RBA) landed on a 25 basis point rise last week, which some are viewing as adopting a “wait and see” approach. The 25 basis point rise last week brought the official cash rate to 2.60 per cent, the highest rate we have seen in nine years. continue…
by Brett Craig Posted in Aura Group.
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Aura Group’s private credit track record
Roger Montgomery
October 7, 2022
In this video, Brett Craig and Roger Montgomery discuss why private credit has been the preserve of high-net-worth investors, and why the banks pulled away from lending small amounts over the short term to small and medium businesses. Brett also reveals the Aura team’s track record in private credit through disruptive markets, how they navigate rising interest rates and the types of businesses for which they provide lending. continue…
by Roger Montgomery Posted in Aura Group, Editor's Pick, Video Insights.
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Aura Private Credit Insights: Letter to investors 04 October 2022
Brett Craig
October 4, 2022
The Reserve Bank of Australia (RBA) monetary decision now has access to a key datapoint for their meeting today, with the first monthly CPI data (move from quarterly). We may be seeing some positive movement off the back of the RBA’s aggressive rate hiking cycle with household spending beginning to taper, although with inflation still on the rise the RBA will likely be driven to conduct further rate rises over the coming months. continue…
by Brett Craig Posted in Aura Group.
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Small to medium enterprises throughout the pandemic and beyond
Brett Craig
September 28, 2022
Small to medium enterprises (SMEs) have been underserviced in the lending market for some time, further exacerbated by the COVID-19 global pandemic. The onset of the COVID-19 Global Pandemic in March 2020 brought shock and great uncertainty for individuals and business owners. The global interruption presented governments and businesses with a new unchartered challenge that had to be addressed immediately and with no precedent to follow. continue…
by Brett Craig Posted in Aura Group.
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Aura High Yield SME Fund: Letter to investors 26 September 2022
Brett Craig
September 26, 2022
The Reserve Bank of Australia has released a renewed paper reviewing how small to medium enterprises (SMEs) access funding. This report comes off the back of a July meeting with the Small Business Finance Advisory Panel, providing an update on the current state of the SME finance market. continue…
by Brett Craig Posted in Aura Group.
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The impact of rising rates and inflation
Roger Montgomery
September 20, 2022
In this video, Brett Craig explains the likely impact of rising interest rates, inflation and the possibility of a recession on small to medium enterprise businesses. He also reveals how these factors influence potential opportunities in the credit market. Brett then discusses why the Aura Core Income Fund has a preference for SMEs that have strong balance sheets, strong cash flows and a strong management team who are looking for funding for growth and profit initiatives. continue…
by Roger Montgomery Posted in Aura Group, Investing Education, Video Insights.