News

In a world chasing momentum, we're holding the line. Commonwealth Bank's (CBA) projected net tax benefit and valuation fell outside our investment criteria. Therefore we don't hold CBA in our portfolio — and that decision just earned us a new investor. Here’s the thinking behind it.

Richard McDougall from Hamilton 12 discusses the implications of the Division 296 tax and explains how Small to Medium Businesses (SMBs) and SMSFs could utilise franking credits to offset this tax. Richard highlights the potential risks and benefits of excess franking credits.

As Division 296 reshapes the superannuation landscape, investors must weigh the benefits of franking credits against the risks of portfolio concentration — and consider more efficient, diversified alternatives.

AFR: Hamilton12 Managing Director, Richard McDougall discusses how franked dividends could offer one of the most efficient strategies for managing tax inside large super balances in light of the new ATO rules being introduced under Division 296.

Hamilton12 's MD Richard McDougall shares his insights on the proposed super tax changes for balances over $3 million, expected to tax at 30%. This additional tax impacts super funds in the accumulation phase, especially retirees who previously paid no tax.

Richard McDougall, Managing Director of Hamilton12, explores the impact of rising US-China tariff tensions on Australian dividend stocks. Trade-related shocks are driving earnings pressure, margin compression, and more cautious board decisions. Sectors with limited global exposure are proving more resilient, highlighting the continued value of Australia’s imputation system for income-focused investors.

Hamilton12 - March Quarterly Review 2025, hosted by Richard McDougall and Jason Hall, presents key insights into the Australian Shares Income Fund. The review covers fund performance, long-term risk and return metrics. Richard and Jason also offer an outlook on economic trends impacting the market.

Ausbiz: Richard McDougall from Hamilton12 states that the investment landscape in Australia is shifting, particularly for income investors. Interest rates are declining, making term deposits less attractive. He notes that some private credit funds face challenges, with income payouts decreasing and redemptions freezing.

Hamilton12 - December Quarterly Review 2024, hosted by Richard McDougall and Jason Hall, presents key insights into the Australian Shares Income Fund. The review covers fund performance, long-term risk and return metrics. Richard and Jason also offer an outlook on economic trends impacting the market.

Hamilton12's Managing Director, Richard McDougall outlines a cautiously optimistic outlook for 2025 dividends in the ASX 200. Richard sees a mixed dividend outlook, with forecasts varying from slight improvements to modest declines. Franking credits keep dividends appealing for income investors.

Ausbiz: Jason Hall from Hamilton12 emphasises the importance of considering alpha and maximum relative drawdown when selecting equity funds. Alpha helps investors measure risk-adjusted returns against benchmarks. However, focusing solely on alpha may not guarantee future performance.

Hamilton12 - September Quarterly Review 2024, hosted by Richard McDougall and Jason Hall, presents key insights into the Australian Shares Income Fund. The review covers fund performance, long-term risk and return metrics. Jason also offers an outlook on economic trends impacting the market.

Hamilton12 hosted an insightful webinar that explored the vital role of after-tax investment returns in shaping effective investment strategies. This session provided investors with invaluable insights and practical approaches to optimise their strategies, focusing on the importance of after-tax outcomes in achieving long-term financial goals.

Ausbiz: Hamilton12's Managing Director, Richard McDougall, explains why APRA plans to phase out hybrid securities by 2032. Starting in 2027, banks will shift to subordinated debt and common equity for capital raising. Hybrid securities, combining equity and debt, pose risks in financial distress.

Jason Hall from Hamilton12 explains the divergence in earnings surprises post-earnings season. Jason details an extensive analysis of 1600 companies, divided into quintiles by earnings surprise. Results show stark variations, with bottom 20% facing average downside of 11% and top 20% seeing about 2% upside.

Hamilton12 - June Quarterly Review 2024, hosted by Richard McDougall and Jason Hall includes an in-depth analysis of the Hamilton12 Australian Shares Income Fund, featuring a new section detailing ESG grades. Additionally, Jason provides commentary on RBA-reported interest rates and economic forecasts.

Ausbiz: Jason Hall provides detailed views on factor investing, highlighting its potential for high return exposure. Emphasizing the complexity of this investment strategy, Jason explains two primary ways of portfolio formation.

Hamilton12 has been featured in Livewire Markets' prestigious list of 27 newly launched funds and ETFs to watch in 2024, as part of the Undiscovered Funds Series.

Ausbiz: Hamilton12 's Managing Director, Richard McDougall shares his views on a recent study into the role of endowments in generating market returns.

Join Hamilton12 Co-founders Richard McDougall, Managing Director and Dr Jason Hall, Chief Investment Officer, for an online seminar offering insights and strategies for effective investment management insights and strategies focusing on evidence-based investing and after-tax returns.