The latest updates
29 Nov 2023
The three factors to consider when choosing an investment manager
Ausbiz: Jason Hall and Juliette Saly discuss how equity manager selection poses as many challenges as selecting equities for a portfolio. Persistent performance against benchmarks, moderate fees, and a high degree of active bets in tandem with a systematic strategy are pivotal for future success.
1 Nov 2023
Why Dividend Yield Matters
Ausbiz: Hamilton12 CIO Jason Hall underscores the significance and profitability of high yield and dividend-bearing stocks for an investor's portfolio. Jason's view points out that the market's fixation on interest rates could divert investors from advantageous potentials such as dividend yields.
23 Oct 2023
To pick a fund manager look beyond three year trailing returns
LiveWire: Selecting an investment manager is hard because we have limited data to separate skill from luck. Ranking on three years of past performance is analogous to tipping the winner of the NRL or the AFL after three rounds of competition.
18 Oct 2023
S&P's SPIVA Scorecard: 55% of equity general funds underperform to benchmark indices
Ausbiz: Hamilton12 CEO Richard McDougall explains the outcomes of equity general funds as per the S&P's SPIVA Scorecard. According to the scorecard, half of 2023 saw an underperformance of these funds in comparison to the benchmark index.
4 Oct 2023
Selecting investment managers - identifying skill from luck
Ausbiz: Jason Hall challenges the practice of selecting investment managers based on their three-year performance, emphasizing its limited predictive value. He suggests evaluating expected profits, 'active share,' fee structures, and consistent performance across market conditions to identify talented managers, cautioning against overemphasizing fees.
20 Sept 2023
Systematic investing: decoding the value of analyst price targets
Jason Hall of Hamilton12 discusses how research shows that analyst target prices have value relevance for one to two months subsequent to their release, provided they are formed with sophisticated, unbiased analysis. To identify the most value relevant target price revisions, he stresses the need to consider the timeliness of revisions and the extent of disagreement with the market.
24 Aug 2023
Unveiling the Convergence of Equity and Bond Yields!
LiveWire: Dive into the latest insights from Jason Hall on Livewire Markets' must-read article on the intersection of equity and bond yields, inflation spikes, earnings constraints, and rewarding shareholders for risk-taking.
Knowledge is power, and understanding these dynamics is crucial in today's ever-evolving financial landscape. Don't miss out on this enlightening read!
23 July 2023
Performance of Australian high yield portfolios
LiveWire: Jason Hall shares his insights on investment diversification in this LiveWire article. Understanding the potential drawbacks of relying solely on high dividend payers, the article emphasizes the significance of diversification in safeguarding investments against risks and volatility.
12 July 2023
Aussie stocks: balancing high yields, industry focus & interest rate risks
Ausbiz: Jason Hall underscores the necessity to weigh industry concentration and interest rate risks when venturing into high-yield Australian listed stocks. From his perspective, investors err by focusing solely on high yield stocks.
28 June 2023
How to thrive by unleashing high yield portfolios
Ausbiz: Jason Hall discusses the performance of high yield investing in Australian-listed stocks over the last 41 years, outlining that portfolios with high yields have produced roughly a 2.3% annual advantage on returns versus the wider market with half originating from imputation benefits.