Montgomery News and Updates
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Our Small Companies Fund shows the benefits of active management
David Buckland
July 14, 2020
The Montgomery Small Companies Fund, which was launched in September 2019, recently hit a record high. Since inception to 30 June 2020 The Fund has returned 3.63 per cent, which compares very favourably to its benchmark, the S&P/ASX Small Ordinaries Accumulation Index outperforming it by 12.11 per cent. continue…
by David Buckland Posted in Montgomery News and Updates
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Here’s a story worth telling
Scott Phillips
June 17, 2020
There is a popular aphorism in investing circles that originally came from Winston Churchill; “never let a good crisis go to waste.” While the human and economic costs of the COVID-19 crisis remain current, Gary Rollo and Dominic Rose, the team behind the Montgomery Smaller Companies Fund have quietly taken advantage of the dislocation to establish the ground work for what might become an enviable track record. continue…
by Scott Phillips Posted in Editor's Pick, Montgomery News and Updates
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Looking through market volatility for opportunities
Gary Rollo
April 8, 2020
As we look ahead the key questions for markets is how long will global economies remain closed for business, and what will demand look like on the other side of the valley? continue…
by Gary Rollo Posted in Market commentary, Montgomery News and Updates
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Latest update on our global portfolios in the midst of COVID-19
Andrew Macken
April 3, 2020
For those interested in the up-to-date developments in our global portfolios, we wanted to share the following. As of Monday, March 30, we observed the following: COVID-19 data (daily growth rates in deaths and cases) shows clear improvement in Europe and Australia. continue…
by Andrew Macken Posted in Global markets, Montgomery News and Updates
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How the Montgomery Small Companies Fund is positioned throughout this pandemic
Dominic Rose
March 19, 2020
Against a rapidly evolving macro backdrop, we thought it would be prudent to provide investors with a brief update on how the Montgomery Small Companies Fund (MSCF) has positioned itself and to share our thoughts on the risks and opportunities that we see ahead of us. continue…
by Dominic Rose Posted in Montgomery News and Updates
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We have changed our mind and cut exposure – an update on the global portfolios
Andrew Macken
March 18, 2020
In this week’s video insight, Andrew Macken reviews the recent changes to our global portfolios. Our concerns surrounding how COVID-19 will impact the US in particular have significantly grown from what they once were. This translates into a much more significant – and relatively longer lasting – downside risk in US aggregate demand than we had previously assessed. Though we certainly hope we are wrong, we now believe we were overestimating the preparedness of many western governments and are therefore facing the possibility of a crisis-in-confidence in these governments.
“Humans tends to be averse to change. It can be surprising, unsettling – even scary. While I realise we may attract criticism for changing our thinking and our positions, we have done so on the basis that we believe it is the right thing to do for the people who have entrusted their capital to us.” Andrew Macken
by Andrew Macken Posted in Montgomery News and Updates, Video Insights
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Checking in with our global portfolios amid COVID-19
Andrew Macken
March 12, 2020
We have naturally received a number of questions about how we are framing the risks around the coronavirus and how we are positioning our global portfolios. What follows is a brief summary of our thoughts on these topics, as they currently stand. continue…
by Andrew Macken Posted in Global markets, Montgomery News and Updates
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Navigating plunging markets through this pandemic
Roger Montgomery
March 12, 2020
With the coronavirus officially being declared a pandemic we bring you this special edition of our video insight discussing how we are handling current market conditions at Montgomery. Today the first order concern is the impact of the virus on populations, the second is the consequences of containment efforts on economic growth, and third are the consequences of protracted lockdowns on the cash flows of businesses. continue…
by Roger Montgomery Posted in Montgomery News and Updates, Video Insights
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Montaka’s fourth quarter update
Andrew Macken
January 17, 2020
In this video Andrew shares a summary of Montaka’s Q4 2019 letter to investors. Discussing the view that the world is favourable for equities at the moment with monetary policies highly accommodative around the world. Andrew also shares a holding in the portfolio – Floor & Decor. continue…
by Andrew Macken Posted in Global markets, Montgomery News and Updates, Video Insights
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Merry Christmas from the Montgomery Team
Roger Montgomery
December 23, 2019
We have reached that time of the year where the sun is shining, friends and family are gathering and it’s time to hang up our keyboards and recharge. In our final post for the year, we wanted to wish you all happy and safe holiday season filled with joy. continue…
by Roger Montgomery Posted in Montgomery News and Updates
