November 1, 2023

Shopping for luxury returns – A look into Cettire

By Roger Montgomery

Cettire (ASX:CTT), was launched in 2017, and is a global online retailer, offering more than 2,500 luxury brands and 500,000 personal luxury goods via its website, cettire. com. The rapidly growing luxury e-commerce platform is not short of competition. Net-A-Porter, Gilt and Farfetch are global luxury goods e-commerce platforms that immediately come to mind.
October 31, 2023

The impact of ongoing inflationary pressure

By Brett Craig

The quarterly consumer price index rose 1. 2 per cent over the September quarter and 5. 4 per cent over the last 12 months. The quarterly result is higher than the 0. 8 per cent rise reported in June, however the annual consumer price index (CPI) headline figure has dropped from 6. 0 per cent.
October 27, 2023

Big Australia policy fuelling inflation and a housing crisis

By Roger Montgomery

Post-pandemic Australia is experiencing a remarkable surge in its population. Predominantly driven by a sharp incline in net migration after border restrictions were lifted, this boom, which of course brings more customers for businesses, also puts pressure on prices, entrenches inflation when supply is unable to keep up and poses essential questions for the country’s housing sector.
October 26, 2023

Is it time to reconsider investing in an ASX 200 ETF?

By Roger Montgomery

In this week’s video insight, I explore why the Australian S&P/ASX 200 index has shown no capital growth in the last 16 years. Australia’s taxation system is a unique creature. It heavily incentivises dividends mainly through the mechanism of franking credits. But is it time to reconsider some of your investments?

October 24, 2023

Does the long-term outlook for Nick Scali remain strong?

By Roger Montgomery

Nick Scali Limited (ASX: NCK), a leading player in the furniture industry, and among a handful of ASX-listed companies we would rank as “A1” in terms of quality, demonstrated confidence in its financial and strategic trajectory during its recent Annual General Meeting, shrugging off concerns over the post-pandemic economic landscape.
October 20, 2023

How do the Aura Private Credit strategies differ from residential mortgage-backed securities?

By Brett Craig

Securitisation plays a pivotal role in the global financial landscape, providing investors access to diversified pools of loan exposures, while allowing lenders to optimise their capital structure. Among the various types of securitisation products, residential mortgage-backed securities (RMBS) and private warehouse securitisations stand out as prominent categories in the Australian market.
October 19, 2023

Three learnings from Polen Capital’s recent Australia tour

By Dean Curnow

You always learn a lot hearing from seasoned investors. The beauty of the Montgomery business as it has grown is that these nuggets of wisdom through our partner managers are now spread across not only several asset classes but also across a number of geographies.
October 18, 2023

A couple of standouts in a tough September 2023 Quarter

By David Buckland

In this week’s video insight, I’ll be discussing the pleasing performance of both the Montgomery Small Companies Fund and the Aura High Yield SME Fund (for wholesale investors) in the September 2023 quarter. During this time stock markets observed widespread negative returns, mainly due to a significant increase in U.S. ten-year treasury bond yields.

October 17, 2023

Australian SMEs, non-bank lenders, private credit funds & securitisation

By Brett Craig

The Reserve Bank of Australia provided an update on its “Recent Developments in Small Business Finance and Economic Conditions” series in the September 2023 bulletin1. The update touches on both the contribution of SMEs to the Australian economy and their access to finance (particularly small businesses), via traditional ADI (bank) funding and non-bank funding.

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