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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How bad is the Coronavirus pandemic about to get? A lot worse, according to one of Australia’s leading immunologists.  And that spells bad news for just about everyone. Continue…

by David Buckland Posted in Health Care.

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Italy has been put on hold as the nation battles with COVID-19. Their tragic lockdown situation is one of the worst seen around the world, where citizens are in temporary isolation as they work to contain the spread. Thankfully, heart-warming scenes of locals singing together across apartment balconies has shown their spirit is far from broken. Continue…

by Lachlan Mackay Posted in Companies.

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In this episode of ABC Nightlife Roger joined Philip Clark to discuss what we should expect from markets down due to the coronavirus. People are panic buying in supermarkets and investors are panic selling on the stock market. With the S&P ASX 200 sinking 30 per cent from its all-time high on February 20. So what is it going to take to calm markets? Listen here.

by Roger Montgomery Posted in Radio.

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With the Australian market in freefall, readers and clients alike have asked us where we are looking to invest. While we continue to monitor the fluid situation closely, we have established some key criteria that we would look to satisfy in anticipation of a potential recovery. Continue…

by Joseph Kim Posted in Market commentary.

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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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On the night of the 19 October 1987, the Dow Jones Industrial Average declined 22.6 per cent from 2,246.7 to 1,738.4 points.  During the ’87 Crash, the Australian All Ordinaries Index fell from 2,312 points to 1,149 points, a decline from peak to trough of 50 per cent. In hindsight, it was a great buying opportunity. Continue…

by David Buckland Posted in Market commentary.

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When it rains, it certainly does pour at the moment. In the midst of the Italian government effecting a quarantine of 17 million citizens, including the entire city of Milan, a meeting was taking place in Vienna – the result of which would release a deflationary shock around the world. And it had little to do with the coronavirus. Continue…

by Andrew Macken Posted in Global markets.

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