Montgomery News and Updates
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Performance to 31 December 2014
David Buckland
January 9, 2015
The Montgomery Funds recorded pleasing performance in the six months to 31 December 2014.
The Montgomery Fund was up by 7.44 per cent, outperforming its benchmark by 5.07 per cent. Over the period under review, the S&P/ASX 300 Index was up 0.17 per cent, while the S&P/ ASX 300 Accumulation Index, which assumes reinvestment of dividends, was up 2.37 per cent. continue…
by David Buckland Posted in Montgomery News and Updates.
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How do we calculate returns?
David Buckland
December 17, 2014
When we discuss the returns of our Funds one of the questions that invariably arises is; how do we arrive at the total return figure? The frequency of the question suggests that it’s a mystery to many of our investors, so this short paper is designed to help you understand the figures we report. continue…
by David Buckland Posted in Montgomery News and Updates.
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Performance to 30 November 2014
David Buckland
December 4, 2014
We have witnessed a lot of volatility in the Australian share market over the the first five months of the 2014/2015 financial year.
Over that period the S&P/ASX All Ordinaries Accumulation Index, which assumes reinvestment of dividends, has recorded a positive return of 0.3 per cent. Pleasingly, investors in both Montgomery Funds have recorded a return of 6.6 per cent, after expenses. continue…
by David Buckland Posted in Montgomery News and Updates.
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AFR: Just how good are our banks
David Buckland
November 13, 2014
The Australian Financial Review’s Jeremy Chunn published an excellent piece this week taking a look at the major banks. With full-year results for three of the four major banks delivered in the past two weeks, Jeremy asked five professional investors for their outlook on the sector. This included a London-based analyst for perspective on the value of Australian banks relative to international peers.
The Montgomery team has generated meaningful insights from our research and analysis of the banking space and the impact of the changes emanating from the Financial System Inquiry. Read the article to below to find out which bank is the stand out pick in an industry facing increasing challenges.
Click here to read the article on the AFR’s site.
Please note, you may need to be an AFR subscriber to view this article.
by David Buckland Posted in Companies, Financial Services, Insightful Insights, Montgomery News and Updates.
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Stress Testing The Banks
David Buckland
November 12, 2014
Wayne Byres, Chairman of Australian Prudential Regulation Authority (APRA) recently made a mockery of the Banks’ self-administered stress tests. continue…
by David Buckland Posted in Companies, Financial Services, Insightful Insights, Montgomery News and Updates.
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WHITEPAPER
HIGHER RETURNS AND LOWER RISK? YES, IT’S POSSIBLE WITH PRIVATE CREDIT
Discover how private credit can deliver higher returns with lower risk in our latest whitepaper. Learn how the Aura Core Income Fund’s AA equivalent rated portfolio has consistently outperformed while maintaining transparency and robust risk management. Unlock the insights to achieve superior risk-adjusted returns today.
READ HERE -
Healthscope vs Ramsay Health Care
Ben MacNevin
November 12, 2014
Healthscope (ASX: HSO) and Ramsay Health Care (ASX: RHC) hotly contested the Northern Beaches hospital tender at Sydney’s Frenchs Forest, with Healthscope emerging victorious. Should Ramsay shareholders be concerned? continue…
by Ben MacNevin Posted in Health Care, Insightful Insights, Montgomery News and Updates.
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PERFORMANCE to 31 October 2014
David Buckland
November 7, 2014
Despite the turbulence in the seven-week period to mid-October, when the overall market declined nearly 10 per cent, both the Montgomery Funds have recorded solid results for the first four months of the 2014/15 financial year. This has been achieved with relatively large holdings in cash. Their absolute and relative returns (after expenses) are detailed below.
by David Buckland Posted in Montgomery News and Updates.
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A note on timing (and underperformance)
Russell Muldoon
October 21, 2014
Are you (or is someone you know) guilty of trying to ‘time the market’? Have you ever attempted to sell your shares when trouble looks like brewing, only to buy back into the market when the sky has cleared and all looks safe? continue…
by Russell Muldoon Posted in Insightful Insights, Investing Education, Montgomery News and Updates.
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The recent 10 per cent pullback
David Buckland
October 13, 2014
The Australian All Ordinaries Index made a post-GFC high on 21 August 2014 at 5,672 points; 1200 points short of its all-time high (6,873) recorded in late-2007. In the most recent seven-and-a-half weeks, the market has retreated around 550 points (or 10 per cent) to 5,122 points at the time of writing. continue…
by David Buckland Posted in Insightful Insights, Montgomery News and Updates.
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Performance to 30 September 2014
David Buckland
October 2, 2014
In the face of a poor market during the September 2014 quarter, both Montgomery products recorded very pleasing results. The Montgomery Fund (TMF) was up 4.9 per cent, while The Montgomery [Private] Fund (MPF) was up 4.2 per cent. continue…
by David Buckland Posted in Insightful Insights, Montgomery News and Updates.
