Investor Insights

SEVEN GROUP HOLDINGS – SMALL CAP QUALITY WITH THREE STRENGTHENING THEMES

With a stable of businesses leveraged to
mining, infrastructure and energy investment,
we think Seven Group Holdings will continue
to provide robust returns for some time to come.

HERE'S WHY

Popular & Featured

February 13, 2020

Are quality businesses set to shine again?

By Tim Kelley

Some years ago, we put together a notional “High-minus-low quality” portfolio, which holds long positions in ASX-listed companies that we consider to be high-quality, and short positions in companies that we consider to be lower-quality. The absolute return from this portfolio provides an indication of whether the higher quality companies are outperforming the lower-quality companies.
Read Article
Share
February 7, 2020

A Montgomery reporting season preview

By Roger Montgomery

With reporting season about to commence amid the bush fires and coronavirus, the environment is ripe for more positive and negative surprises than we have seen in some time. Meanwhile the ASX 200 industrial index, excluding financials, is trading on a record PE of 28. 5 times.
Read Article
Share
February 7, 2020

Two reasons this bull market is set to continue

By Roger Montgomery

Since early 2009, soaring global markets have made shares an extremely rewarding place to invest. With profits likely to keep recovering, and interest rates and inflation likely to stay low, I see no reason why this bull market will not continue.
Read Article
Share
February 4, 2020

It’s time to focus on quality global businesses

By Roger Montgomery

Rallying markets have raised the valuations of many businesses, possibly to unsustainable levels. To my mind, it’s made one thing clearer than ever: investors need to bulk up on high quality Australian and global businesses, like CSL, Microsoft and Vivendi. I recently talked about the gravitational force exerted on asset prices and values by interest rates.
Read Article
Share

Learn About Investing

In this section we explore investing basics, common themes and information to help guide your investing journey. 

The information provided is general information only. The information does not take into account your investment objectives, financial situation or particular needs. You should consider your own investment objectives, financial situation and particular needs before acting upon any information provided in this document and consider seeking advice from a financial adviser if necessary.
February 19, 2020
WHITE PAPERS

Is it time to rebalance your retirement portfolio?

By Roger Montgomery

In the current environment of ultra-low interest rates, generating enough income for retirement can be challenging. Instead of being able to add to their nest egg, many retirees find themselves needing to withdraw capital to make up a shortfall between their lifestyle requirements and their income.
Read Article
Share
February 13, 2020

Are quality businesses set to shine again?

By Tim Kelley

Some years ago, we put together a notional “High-minus-low quality” portfolio, which holds long positions in ASX-listed companies that we consider to be high-quality, and short positions in companies that we consider to be lower-quality. The absolute return from this portfolio provides an indication of whether the higher quality companies are outperforming the lower-quality companies.
Read Article
Share
February 3, 2020

What’s behind the weak performance of quantitative investing?

By Tim Kelley

Equity markets have been very kind to investors in recent years, with stock indices setting new records in Australia and overseas. Notwithstanding some episodes of turbulence along the way, these good results continue a decade-long run of mainly positive returns following the depths of the GFC in early 2009.
Read Article
Share
January 31, 2020

Does valuation not matter for high quality businesses?

By George Hadjia

One characteristic of a high-quality business is its ability to grow its intrinsic value over time. So does that mean that it’s possible to overpay for a high quality business and then wait for it to “grow into its valuation”? This depends on a number of things which we will attempt to tease out.
Read Article
Share

Latest Insights

February 12, 2020

The Facebook juggernaut

By George Hadjia

Last week Facebook (Nasdaq: FB) reported its fourth quarter 2019 earnings, capping out a solid year for the tech giant. We highlight some interesting datapoints and insights to emerge from the result and explain why we are still optimistic about the growth prospects for Facebook. In Q4, there were 2.
Read Article
Share
February 10, 2020

Why there’s no stopping CSL’s charge to the top

By Roger Montgomery

Since listing in 1994, Australian biotech company CSL has powered ahead to become our second largest company by market cap. Lying just ahead is the Commonwealth Bank. But with a more compelling growth story, it’s probably just a matter of when, not if, CSL will hit the front.
Read Article
Share

Media Clips

February 14, 2020

Buy Hold Sell – 5 high growth ex-20 stocks

By Roger Montgomery

In this Buy Hold Sell interview Roger joined Jessica Amir and James Gerrish to discuss three of the most traded mid-caps and to share two growth ideas in this area. Watch the interview here for my thoughts on the companies. Watch here.
Read Article
Share
February 12, 2020

ABC Nightlife Finance with Roger Montgomery

By Roger Montgomery

Roger joined Philip Clark on ABC Nightlife for the first time for 2020 to discuss the impact bushfires and the coronavirus have had on markets. Could this present a perfect investment opportunity for those who dare to be bold? Listen here.
Read Article
Share
February 6, 2020

Money News 04.02.2020

By Roger Montgomery

Roger joined Brooke Corte on Money News to discuss the consequences of low interest rates. As people are being forced to move their money from term deposits into high risk equities, we are seeing prices being pushed higher. Although are you taking a lot of risk for a low relative return?
Read Article
Share

THINK FOR YOURSELF.
WE DO.

At Montgomery, we’re independent thinkers who look past market noise to focus on the long-term prospects for companies. We don’t follow the herd. Subscribe now to receive our articles, whitepapers and insights.

Subscribe
Close

Our Funds

Concentrated High Conviction Equities

Listed

Montgomery Global Equities Fund (ASX:MOGL)

Global
Available on the ASX as an Exchange Traded Managed Fund, invests in 15 to 30 quality global businesses for long-term capital growth with a target distribution yield of 4.5% per annum. Mirrors the strategy of the Montgomery Global Fund.
Unlisted From $25,000

Montgomery Global Fund

Global
Invests in 15 to 30 quality global businesses for long-term capital growth. Priced daily. Mirrors the strategy of the Montgomery Global Equities Fund (ASX:MOGL).
Unlisted from $25,000

The Montgomery Fund

Australia/NZ
Aims to provide long-term growth and income by investing in 20 to 40 high-quality Australian and New Zealand businesses trading at attractive valuations. Priced daily.
New Fund

Montgomery Small Companies Fund

Australia/NZ
Aims to provide long-term growth by investing in 30 to 50 high quality, undervalued, Australian and NZ small and emerging companies with strong growth potential. Priced daily.
Unlisted from $1 Million

The Montgomery [Private] Fund

Australia/NZ
Seeks to deliver absolute returns from a portfolio of high-quality Australian and New Zealand businesses. Capital preservation is paramount. By invitation only.

Alternate Equity Strategies

Unlisted from $50,000

Montgomery Alpha Plus Fund

Global
Aims to generate positive returns in both rising and falling markets. Invests in 80 to 180 global businesses expected to deliver above-average returns, while selling short a similar-sized portfolio expected to deliver below-average returns. Priced daily.
Unlisted from $50,000

Montaka Global Access Fund

Global
Aims to generate materially higher risk-adjusted returns, net of fees, than is generally available in the equities market over the medium term. Priced monthly. Provides retail investors access to the Montaka Global Fund.
Unlisted from $1million

Montaka Global 130/30 Fund

Global
Provides the opportunity to benefit from both the gains of extraordinary businesses and the declines of deteriorating businesses through a global equity active extension strategy, which has the potential to significantly outperform the broader equities market over time. Seeks to generate double-digit annual average returns, net of fees. Daily priced.
Unlisted From $1 Million

Montaka Global Fund

Global
Aims to generate materially higher risk-adjusted returns, net of fees, than is generally available in the equities market over the medium term. By invitation only.