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A diverse range of global, regional and sector based equity, multi-asset and fixed income investment strategies and funds
In this video, Head of Australian Equity Growth Dushko Bajic discusses the changing macro environment and navigating volatility within the investment process.
The portfolio managers are supported by a large group of equity analysts with a proven track record of fundamental bottom-up stock research.
In the following video, Head of Australian Equity Growth Dushko Bajic discusses the impact of rising rates on company valuations and the economy.
Andrew Greenup and George Thornely explore the performance of the Global Listed Infrastructure Securities asset class and look ahead to the main themes expected to impact this asset class over the years ahead.
From growing companies to up-and-coming names, our range of active, research-driven approaches to the Australian share market aim to deliver above market returns over the long term.
The mid caps space is characterised by successful companies with strong growth profiles, which can offer attractive diversification benefits to Australian equity portfolios. Yet they comprise only a small proportion of a typical broad-based portfolio. In this article we highlight some of the attractive characteristics of this often-overlooked segment of the market.
Despite the extraordinary events since its launch in June 2007 – including the Global Financial Crisis, volatile commodity prices, and political upheaval in many parts of the world – the strategy has delivered strong, consistent returns through a focus on valuation, quality and active management.
Offering access to a dynamic segment of the Australian market, companies outside of the ASX 20. The First Sentier ex-20 Australian Share Fund ETF provides a differentiated approach that sidesteps the dominance of heavyweight financials and resources, offering a more active and differentiated approach to Australian equity exposure.
Listed REITs are trading at 20–40% discounts to stated net asset value (NAV), while unlisted property trusts continue to report relatively modest write downs and stable valuations. The result is a growing disconnect between “price” and “value” that investors should no longer ignore.
Discover how our equity managers with one of Australia's longest track records provide capital and income growth by investing in the Australian share market.
The outlook for the global economy and financial markets looks more uncertain today than it has for a long time. Both interest rates and inflation have risen sharply. There is a growing consensus that much of the world will shortly be experiencing slowing economic growth.
Global investment manager, First Sentier Investors, today announced changes to its investment capabilities within Australia.
Mergers and acquisitions activity within the global listed infrastructure asset class has been strong in 2025 and looks set to continue.
Deputy Head of Global Listed Infrastructure, Andrew Greenup, tells Livewire the most compelling reasons for investors to consider listed infrastructure as part of their portfolios, some common misconceptions, and shares a high conviction stock pick; the world's largest renewables owner.
First Sentier Investors has today announced the listing of its second Exchange Traded Fund (ETF) on the Australian Securities Exchange, the First Sentier ex-20 Australian Share Fund Active ETF (ASX:XX20). Trading commences at 10am AEDT today.
We are entering a new era. The year 2024 will be unpredictable and clouded by many uncertainties. It will be marked by geopolitical risks, the ongoing taming of the inflation beast, and how the US Presidential election will impact markets.
We crossed six US states meeting over 70 infrastructure management teams as well as customers and suppliers at three conferences. We visited three corporate head offices, several regulators and toured the country’s largest nuclear power plant.
Each investment team has developed a climate change statement and carbon footprint report. We provide a combined footprint for all listed equity portfolios and individual listed equity team carbon footprints.
First Sentier Investors' David Wilson and Christian Guerra unpack August’s reporting season — the most volatile on record. From banks and insurers to industrials and hidden tech plays, they explore what moved the market and why volatility might be here to stay.
In the latest episode of Relative Return, Olivia Grace Curran speaks with Ben Samuel, Senior Portfolio Manager, and Kai Van Tang, Head of Credit Research at First Sentier Investors, to explore whether cash has re-emerged as a core portfolio allocation—and what that means in practice.
Head of Global Property Securities Stephen Hayes: Global city populations continue to grow, driven by urbanisation. The provision of housing for growing populations is a major challenge for many countries and cities. Adequate housing is a factor that influences a city’s mobility of labour, social wellbeing and commerce levels. Government housing policies are typically viewed holistically with policies covering social, private and rental housing. New supply is not always efficient and can be problematic particularly in densely populated cities.
Podcast: Why a Silicon Valley exec bought into Breville’s global ambitions | First Sentier Investors
It’s much harder to innovate consistently than build one great idea, but some companies are up to the challenge. Breville CEO Jim Clayton tells First Sentier Investors’ Dawn Kanelleas why he left the fast-paced world of private equity, management consulting and South Korean conglomerates to drive a little-known Australian company with a knack for innovation forward.
From artificial intelligence and data centres to electrification and the energy transition, powerful structural trends are reshaping the infrastructure opportunity. Peter Meany, Head of Global Listed Infrastructure at First Sentier Investors, speaks with Financial Standard about why the sector may be entering an especially interesting period.
In September 2023, I met more than 30 global listed infrastructure companies and stakeholders from the UK, Europe and China. The following travel diary summarises my impressions and findings from these meetings.
(Complete Episode) It’s much harder to innovate consistently than build one great idea, but some companies are up to the challenge. Breville CEO Jim Clayton tells First Sentier Investors’ Dawn Kanelleas why he left the fast-paced world of private equity, management consulting and South Korean conglomerates to drive a little-known Australian company with a knack for innovation forward.
I recently returned from a two-week, coast-to-coast trip across the United States, talking to institutional clients, pension funds and investment consultants. The mood on the ground is one of caution. Rising inflation and interest rates are on everybody’s mind. A war in Europe and spiking oil prices are creating uncertainty. And the possibility of recession hovers at the edge of conversations. During such a period, it’s easy to wonder if there are any safe ports in the investment storm. In this environment, we believe that infrastructure has an important role to play in portfolios. Investments in assets such as toll roads, airports, railroads, utilities and renewables, energy midstream, wireless towers and data centres show their worth in such times. These types of investments have high barriers to entry, structural growth and strong pricing power, giving them the potential to withstand inflation and generate consistent earnings, regardless of the broader economic backdrop. With this in mind, below are three reasons we believe infrastructure investors may be well-placed to weather the geopolitical storms ahead.
Infrastructure describes the physical assets that provide basic services to modern society, including utilities, transport and communication assets. The fundamental, essential nature of the services provided gives global listed infrastructure qualities that can be beneficial to an investment portfolio.
Recently I attended the largest US utility conference, the 2024 Edison Electric Institute (EEI) Financial Conference, in Hollywood, Florida. I met with management teams from 26 regulated electric and gas utility companies.
For over twenty years, the global listed infrastructure asset class (GLI) has consistently generated dividend yields in the 3%-4% range. As valuation multiples have declined in the past few years, dividend yields have expanded into the upper half of this range.
2024 was a year marked by global inflation and economic growth concerns against a backdrop of worldwide elections. As we head into 2025, volatility will remain an enduring constant.
This year’s August 2024 reporting season has concluded with most ASX-listed companies disclosing their profit results and guidance for the 2025 financial year ahead.
The push for achieving a decarbonised economy will see sweeping social and economic change across regional communities in Australia. The new frontier in the march for a greener future in Australia is a focus on a just transition, supported by a Federal Government-backed Net Zero Authority, to ensure workers, industries and communities can seize opportunities in the nation’s net zero transformation.
Over the last decade the electricity sector has been at the forefront of decarbonisation, ahead of transport, industry and agriculture.
2024 was a good year for global listed infrastructure. Strong earnings for energy midstream and a step-change in the earnings growth outlook for utilities helped the asset class to shrug off rising bond yields and political uncertainty.
This article was produced in partnership with First Sentier Investors. We firmly believe that active management is crucial when constructing a geared portfolio. A geared investment strategy can be considered a more complex strategy that borrows to invest, ultimately magnifying an investor’s exposure to rising or falling markets.
The global political economy is rapidly evolving. The rules, norms and institutions that govern interactions between nation states are being upended, and the nature of capitalism is changing again. Having evolved in the past from laissez‑faire to Keynesianism to free market neoliberalism, it is now turning to nationalism with more state intervention.
The energy crisis in Europe has boosted global demand for LNG. Global listed infrastructure companies pioneered the US LNG industry, investing US$50 billion since 2010. The energy crisis is providing an opportunity for LNG to secure its role as a transition fuel. With reliability and security of supply increasingly front of mind, US LNG exporters stand to gain market share, underpinning a further US$50 billion of investment over the next decade. An increased need for natural gas infrastructure will also benefit the broader North American midstream sector.
Benefits of the rapid recovery of airport and toll road volumes far outweigh the operational issues they now face as a result. We expect higher load factors to compensate for airline capacity cuts, meaning traffic will continue to edge towards 2019 levels. European toll roads have a positive role to play in the decarbonisation of the transport sector, providing both societal benefits and investment return upside.
Australia has fewer homes per adult than most of the developed world. First Sentier Investors Head of Global Property Securities Stephen Hayes is joined by Stockland Development CEO Andrew Whitson to unpack the challenges in meeting Australia’s growing housing demand – and where growth may emerge next.
