Investor Insights

Media Clips

November 23, 2020

Pitfalls of chasing growth over value

By Roger Montgomery

In this article for the Herald Sun Roger questions whether it is time to tilt your portfolio towards income and yield stocks.  As rates approach zero, we believe a final wave of investors who have suffered from inertia will finally give up on their savings and seek to invest elsewhere. Read here.
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November 23, 2020

The uncertainty of chasing true value

By Andrew Macken

In this article for the Herald Sun Andrew discusses logical analytical steps that can be taken by diligent investors to ascertain, with some degree of accuracy, the true value of businesses — or range of values more typically — with a reasonable degree of confidence. Read here.
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November 20, 2020

NSW budget flags the phasing out of payroll tax

By Roger Montgomery

Roger joined Michael McLaren on 2GB overnight to discuss Treasurer Dominic Perrottet’s undertaking of NSW’s biggest tax reform in decades as NSW records a historic $16 billion budget deficit.
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November 3, 2020

ASX edges up ahead of big decisions

By Roger Montgomery

In this article for 7 News Steven Deare discusses the Aussie market return and what’s in store with decisions of the US election and RBA monetary policy meeting to come. Steven shares Roger’s thoughts that the media coverage of the results would dwarf that of the RBA decision.
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October 27, 2020

Stocks that will take off after a vaccine

By Gary Rollo

In this article for the Australian Financial Review Mark Draper discusses the companies whose share prices will re-rate very quickly if a vaccine for COVID-19 is developed. Mark draws on Gary’s two picks, Webjet and Tyro Payments as companies to watch as potential beneficiaries of a vaccine. Read here.
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October 26, 2020

Ross Greenwood’s The Money Minutes 23.10.2020

By Roger Montgomery

Roger joined Ross Greenwood on The Money Minutes to discuss the outlook for markets and the potential impact of the US election. People associate the economy with the performance of the stock market, although there’s no correlation over a 1-year period. Even in an economy that isn’t going so well, there will still be businesses growing very strongly.
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October 23, 2020

The highs and lows of boosting returns

By Roger Montgomery

In this article for the Herald Sun Roger questions what your options are in a world where interest rates are close to zero and possibly heading lower.  If rates on your term deposit went negative and it was costing you money to keep your money in the bank, would you leave it there? Read here.
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October 23, 2020

Strength in Aussie at whim of greenback

By Andrew Macken

In this article for the Herald Sun Andrew discusses the recent strength in the Aussie dollar.   Putting aside the large dip and rebound in March and April, the Aussie has continued to appreciate by about 10 per cent in the past three months against the US dollar. So what is causing this? Read here.
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October 23, 2020

Bullishness amid the doom and gloom

By Roger Montgomery

In this article for the Herald Sun Roger discusses the reasons to be bullish during this market.  With many of the bear arguments centred around a bubble in technology stocks, it’s worth beginning the bull case with those same technology stocks.  Read here.
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October 23, 2020

Why the market can hear bearish growls

By Roger Montgomery

In this article for the Herald Sun Roger discusses why investors are strongly divided about whether markets are fair value or too expensive and about to collapse. Read here.  
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October 22, 2020

Buffett and his warning about virtually certain earnings

By Roger Montgomery

In this article for Firstlinks Roger discusses his view on quality companies.  A company should sustainably produce high returns on equity with little or no debt. Why? Because it suggests the company has a competitive advantage.
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October 21, 2020

The Aussie small-cap funds you could be missing

By Gary Rollo

Laura Dew published an article in Investment Centre discussing Australian Small Cap funds investors some investors may be un aware of. Laura mentions the Montgomery Small Companies Fund and how it has returned 48. 6 per cent for the 6 months to 30 September 2020. Read here.
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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.
UNLISTED FROM $25,000

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

New Fund

Montaka Global Extension Fund (ASX: MKAX)

GLOBAL
An ASX-quoted managed fund, typically, the Fund seeks to hold 15 to 30 long positions and partially offsets these with 10 to 40 short positions, operating with 130% exposure to its long portfolio and 30% exposure to its short portfolio, resulting in a net market exposure of around 100%. Features a target distribution yield of 5% per annum.
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.