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At AlbaCore, we focus on the long-term. As one of Europe’s leading alternative credit specialists, we invest in private capital solutions, opportunistic and dislocated credit, and structured products. 

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Specialist in Asia Pacific, China, India and South East Asia and Global Emerging Market equities.

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Our philosophy is very simple. We are constantly searching for high quality businesses and when we acquire them, we will work relentlessly with them to create long-term sustainable value through innovation, ESG-led and proactive asset management.

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formerly Realindex Investments

Leader in active quantitative equities across Australian equities, global equities, emerging markets and global small companies.

Backed by a unique blend of research, portfolio construction and risk management, focused on uncovering original insights and translating them into investment strategies that are active and systematic, aiming to generate alpha.

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At Stewart Investors, we believe in putting people first. Our investment world-view is of a series of partnerships – with each other, with our clients, with the companies we invest in, the people who buy their goods and services, and with the wider society in which we all live and work.

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Your search returned more than 50 results. The 50 most relevant results are displayed.

How are electric cars and the growth of wind energy impacting our resources portfolios? Find out more in this 30 minute webcast from our Head of Global Resources, Todd Warren.
For several decades the world has looked to the US for stability and order. Following the ‘surprise’ election result that had the prevailing politicians and pollsters aghast at hearing the words, ‘President-elect Trump’, gives a sense that the stability we have come to expect from the US can no l...
If the boj continues to buy bonds at its current pace, the central bank will own the entire market by 2025. with negative rates and a dysfunctional bond market, where are japanese investors turning to offshore now?
After a very slow start to its monetary policy normalisation process, with only one rate hike in both 2015 and 2016, the US Federal Reserve (the Fed) today entered a new, more active phase for monetary policy.
In this economic research note, we look at the fed's next steps, examine the central banks' revised economic forecasts and look at the financial market implications of today's hike.
French consumer confidence has reached a 10 year high following the election. The question will now be, can it be sustained and can President Macron follow through on his promises?
With brexit and trump fresh in the memory, financial markets were looking for the next domino to fall...
Following the downturn of the last 5 years, our 20 years of experience in resources investing leads us to believe the sector is positioned for a brighter 2017. Why?
Despite the significant volatility in financial markets that was such a defining feature of 2022, credit fundamentals remain broadly supportive; particularly in the us and europe. interest coverage ratios – which measure how comfortably companies can service their debt repayment obligation...
Global credit markets have been challenged in 2018 and spreads have widened. asian issuers have not been immune from this volatility. following another default by a chinese issuer, our asian fixed income and emerging markets debt team take stock of where markets are currently...
More data has been created in past 2 years than in the entire previous history of the human race. Technologies like apps, are underpinned and supported by data centres, which present a compelling investment opportunity for equities investors.
In today's economic research note, we break down the headline budget numbers, summarise key policy initiatives and explore their implications for key asset classes.
Recent high frequency economic data in China is showing good momentum - and with growth of 6.9% in H1 17, the Chinese economy is clearly on track to outperform the ‘at least 6.5%’ economic growth target for 2017.
Pilbara iron ore leads the global market for this in-demand resource. watch this video with head of australian equities growth, dushko bajic, for an outlook for the iron ore trade.
If “they” are right, then there is virtually never a bad time to be fully invested. the term "volatility” has become a euphemism. what people mean when they say, “markets have experienced some volatility” is that markets have gone down. you never hear a financial commentator bang on...
We believe bond market demand in asia represents an opportunity for fixed income investors. there are many factors driving this positivity; asia’s strong growth outlook relative to other parts of the world, its demographics, the diversification within the universe of issuers and com...
After an extended period where inflation expectations in australian financial markets have been declining, the evidence is mounting that this trend may have run its course. the most recent example of this is last week’s new ten year inflation linked bond issue from the australian governmen...
One of the most significant developments in global bond markets in recent years has been the collapse in term premium.the fact that the term premium is currently negative in australia, and showing very little sign of heading substantially higher, is likely related to..
With the unemployment rate at 4.4% (ie. lower that the fed’s long-run estimate) and most measures of the labour market on an improving trend the fed is likely to remain committed to returning monetary policy to a more ‘normal’ setting and won’t be derailed by two months of softer inflation.
Experts agree that climate change and global warming pose systemic risks to the world economy, with major impacts on the availability of resources, the price and structure of the energy market, the vulnerability of infrastructure and the valuation of companies. but from a macroeconomic lev...
Benchmark Relative. Absolute Return. Total Return? Global unconstrained? Here our global fixed income team demystify some of the common language used to describe approaches to fixed income investing – explaining the differences – and how they can be applied to various objective-based strategies w...
Podcast: A lesson in extreme asset allocation
As Australians mull over the concept of good vs bad debt and the various policy announcements in the lead up to next week’s Commonwealth Budget, it is important to remember the revenue line.
By 2030, Millennials will represent the largest source of income and consumer spending, earning two out of every three dollars in Australia. There are implications for the investment industry.
The performance of the Australian economy over 2017 to date can best be described as mediocre. The end of the mining investment downturn is near, the consumer environment is challenging while there are ongoing concerns around a build-up of risks in the housing sector.
There’s a reasonable chance of achieving your investment objective over the long term by sticking to the plan. Not so fast! Here's why it's time to review your approach to asset allocation with volatile times ahead.
Much has been made of the australian dollar’s (aud) recent rally against the us dollar (usd). after spending much of 2016 and the first-half of 2017 averaging around $us0.75, the rally in the aud to closer to $us0.80 in late june and early july has led the market to the question; what does...
In recent years we have been hearing a great deal about digital ‘disruption” and how it has been re-shaping the global economy and the society we live in. But are we focusing too much on the digital drivers and not enough on other areas of disruption across the economy?
Office real estate is undergoing a fundamental shift, while COVID-19 has accelerated a number of global real estate investment trends, including the continued growth and adoption of e-commerce and falling home ownership.
Value investors have seen their portfolios soar, while growth stocks have languished. in this paper we look at some of the drivers behind recent market moves, including the effect of rising interest rates, earnings disappointments and the subsequent de-rating of growth stocks.
When Australia posted its GDP growth results in the first quarter of 2017, the numbers told two stories. Growth was on one hand, the slowest posted since the GFC-induced slowdown in 2009. It also saw the nation overtake the Netherlands as having the longest uninterrupted period of economic growth...
This timeline highlights some of the market events during the last few weeks and how our experienced team has navigated the market volatility. we also highlight what to look out for in the weeks ahead and highlight some positives amongst all the negative news.
In an environment of uncertainty, infrastructure investments can provide investors with a sense of reassurance. regardless of short-term market ‘noise’, every nation depends on roads, utilities, airports, railways, pipelines and wireless towers, in order to function effectively. these sect...
In 2020, one group of companies has done particularly well – the popular digital technology companies focused on e-commerce, delivery and entertainment, to name a few industries. in emerging markets, they dominate the chinese market; but they can also be found in korea, southeast as...
Given the packed legislative agenda, and previous issues passing legislation around the debt ceiling, are there some downside risks that markets are ignoring?
Podcast: debt markets from a global perspective
With robots and AI getting better and better at these specific tasks it seems natural to ask, when will they replace human workers? According to 352 AI experts there could be a significant change in many areas...
Recently many investors and market participants have been perplexed as the vix and volatility in general have decreased – even given the backdrop of rising political uncertainty and geopolitical risk. here we analyse the factors currently keeping volatility low and use history to explore w...
Unlike the us and uk self-storage markets, the australian self-storage is not institutionalised. yields and capitalisation rates are higher in australia. given the stability of the cash flows, the localised nature of the assets and the high barriers to entry for development, the mispricing...
One of the biggest economic mysteries since the end of the GFC has been the lack of wages growth globally, perplexing policy makers for whom it has become a key indicator of monetary policy. We may need more than low unemployment to generate wages growth or inflation and given growing inequality ...
While the wild swings in share, credit, currency, and commodity markets have garnered most of the attention in the months following the covid-19 outbreak, cash markets in australia have seen some highly unusual movements that demand further scrutiny.
First Sentier Multi-Asset Real Return Fund Neutral Asset Allocation Review. Read the paper: 'No time to buy: Volatility, tightening and reasons to be optimistic in 2023.'
Once again, 2021 was a year full of surprises and challenges, with ongoing covid disruptions and china turning from a global outperformer to underperformer. the chinese government’s policy crackdowns, especially in the internet, education and property sectors, were sudden and dramatic. meanwhile,...
We had entered the meeting with a leading air-conditioner company in our portfolio worried about the risks to its growth and profitability, as the second wave of Covid-19 affected consumer demand and raw material costs rose sharply. But the company’s CEO told us about the acceptance of increased ...
Covid-19 has sent shockwaves through capital markets, and property securities have been no exception. the crisis has plunged the global economy into recession and has given rise to the remote work and learning thematic, while seemingly fasttracking the rise of e-commerce. these well docu...
In our last client update in february 2021, we discussed the reasons we resisted the temptation to switch into pure cyclicals and so-called “value” stocks1 — even though we had anticipated a sector rotation in the market (the topix subsequently peaked in march 2021). when there is a rise i...
While the pandemic is still far from over, a number of key leading indicators point to a healthy and broad-based recovery in China. Industrial production, trade activity and retail sales have been strong; and in stark contrast to the lockdowns and travel restrictions in early 2020, domestic trave...
An overview of the Asian Equity Plus and Asia Pacific Small-Caps strategies in August 2020.
On the anniversary of Lehman's collapse and as Typhoon #10 approached Hong Kong, Martin Lau spent time reflecting on the 1997 Asian Financial Crisis and here discusses if lessons learned are enough to steer us clear of another global financial crisis.