AMP: no light at the end of the tunnel

AMP’s 2019 financial report, released last week, points to “ongoing weakness” in the business, according to a Macquarie Securities review of the results. Macquarie says the company’s results presentation suggests a further 20 per cent contraction in its Australian wealth…

Corporate earnings outlook: what lies ahead

First the good news: 92 per cent of companies reporting their full-year results made a profit, according to CommSec analysis of the results. This is above the average of 88 per cent over the past decade. But only 52 per…

Montgomery fund downgraded

Morningstar has downgraded Montgomery Investment Management’s The Montgomery Fund to negative, with a recommendation that “Australian equity investors can find better alternatives.” The Montgomery Fund strategy is to buy high quality companies with strong growth prospects at cheap valuations. The…

Australian equity funds upgraded in latest Zenith review

Zenith Investment Partners has upgraded two Allan Gray funds to ‘highly recommended’ in its latest Australian Shares Large Companies review. Allan Gray Australia Equity Fund and Allan Gray Australia Stable Fund join 14 other funds rated ‘highly recommended’. They include…

The New Criterion

The takeover activity at the top end of town is permeating down to the small to mid-sized sector, raising the perennial question of who might be next to garner interest from cashed-up or merely opportunistic acquirers. With dollars to spare,…

Equity income funds deliver higher yields

Equity income funds are achieving their goal of delivering above-average distribution yields, according to a new report. Morningstar analysis of 34 large-cap Australian equity funds shows income returns varying between 3.5 and 6 per cent a year over the long…