40 episodes

Pendal Group is an international asset manager. Each week in The Point podcast we ask one of our portfolio managers about the most interesting things they've heard in conversations with CEOs, industry leaders and analysts. 
Find out more about Pendal at www.pendalgroup.com.

The Point: Professional investing in Australia with Pendal Pendal Group

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Pendal Group is an international asset manager. Each week in The Point podcast we ask one of our portfolio managers about the most interesting things they've heard in conversations with CEOs, industry leaders and analysts. 
Find out more about Pendal at www.pendalgroup.com.

    Asset allocation tips from Pendal’s head of multi-asset Michael Blayney

    Asset allocation tips from Pendal’s head of multi-asset Michael Blayney

    In our final fast podcast for the year, Pendal’s head of multi-asset Michael Blayney talks about the lessons of 2022, how he’s valuing major asset classes right now and suitable portfolio settings.

    Pendal's fast podcast series will return in 2023.

    --//--

    Find out about Pendal’s multi asset funds at pend.al/multiasset

    Pendal is an independent, global asset manager. Find out more at pendalgroup.com
    See omnystudio.com/listener for privacy information.

    • 5 min
    The signals that will bring rate hikes to an end

    The signals that will bring rate hikes to an end

    What will prompt central banks to stop hiking interest rates altogether? Look to wages for the answer, says Pendal’s head of income strategies AMY XIE PATRICK

    Excerpt:

    “The US Fed is looking for inflation not only peaking but coming down very convincingly to its 2% target,” says our head of income strategies, Amy Xi Patrick in her latest fast podcast.

    “Wage growth in Australia is only at around about 2.5% to 3%.

    “The RBA is comfortable for it to go up to 3.5%, maybe even temporarily to 4%.”

    “Wage growth in the US however, is hovering at about 5.5% to 6% percent, which is clearly not consistent with the 2% inflation rate. “

    This means inflation will be stickier than the market expects.

    Central banks may slow down hikes, but they will be hiking for longer next year than the market currently expects, says Amy.

    Higher-quality fixed income assets will help offer some buffer for future volatility, says Amy.

    Listen to Amy’s fast podcast to find out how.

    --//--

    Find out more about Pendal's fixed income strategies at pend.al/fixedinterest

    Pendal is an independent, global asset manager. Find out more at pendalgroup.com
    See omnystudio.com/listener for privacy information.

    • 7 min
    Why bonds look compelling towards mid-2023

    Why bonds look compelling towards mid-2023

    There are signs that inflation has peaked and is due to come off in the next few quarters.

    That would invariably take us to a position, maybe in Q2 2023, where it looks quite compelling for us to own bonds, says Oliver Ge, an assistant portfolio manager with Pendal's Income and Fixed Interest team.

    "At that point you’d already see inflation pressures come off and growth indicators start to materially deteriorate.

    "Then central banks will in all likelihood tilt their reaction function to be more benign, more dovish. They're not accelerating, there likely won't be more hikes.

    "That environment is conducive to owning bonds. You're looking at returns of five to 6% per annum at that point."

    --//--Find out more about Pendal's fixed income strategies at pend.al/fixedinterest

    Pendal is an independent, global asset manager. Find out more at pendalgroup.com
    See omnystudio.com/listener for privacy information.

    • 6 min
    What the Budget, inflation and rates mean for investors

    What the Budget, inflation and rates mean for investors

    What do this week's Budget and inflation numbers — and next week’s likely 25-point rate rise — mean for 2023?

    And how will that impact the role of bonds in portfolios?

    Here's a quick explanation from Pendal’s head of government bond strategies Tim Hext.

    --//--Find out more about Pendal's fixed income strategies at pend.al/fixedinterest

    Pendal is an independent, global asset manager. Find out more at pendalgroup.com
    See omnystudio.com/listener for privacy information.

    • 9 min
    Why it's a misconception that you shouldn’t buy bonds in a hiking cycle

    Why it's a misconception that you shouldn’t buy bonds in a hiking cycle

    Bonds can be an appropriate investment in a hiking cycle – as long as you know what to look for, argues Pendal’s head of income strategies AMY XIE PATRICK

    Excerpt:

    "Even though central banks may need to keep on hiking, now their mantra is very well flagged to the market there is hope that bonds do better in the second half of this hiking cycle.

    "It does mean you probably want to look at having bonds in your portfolio as a defensive pillar, more towards the longer end of curves.

    "Because the shorter end is directly tied to where policy rates are going. And as we know, nobody has signaled that they're ready to peak and pivot more dovishly just yet."

    --//--Find out more about Pendal's fixed income strategies at pend.al/fixedinterest

    Pendal is an independent, global asset manager. Find out more at pendalgroup.com
    See omnystudio.com/listener for privacy information.

    • 9 min
    Global equities: If you’re looking, here’s where to look

    Global equities: If you’re looking, here’s where to look

    We’re in an average recessionary market, but that doesn’t mean there aren’t opportunities, argues Pendal’s CHRIS LEES in this fast podcast.

    “If you don't think there's a banking crisis coming, then it's actually time to gently start buying again, and that's what we're doing," says Chris.

    “We think that we're in a normal recessionary bear market. We're not going into, we think, a global banking crisis market.

    “Therefore equity markets around the world are probably in a double-bottoming process.

    “So there are opportunities now for us to start adding into our funds for our clients.”

    Chris co-manages pend.al/globalselect with Nudgem Richyal. The pair have been working together in global equities investing for more than 20 years.

    Pend.al/globalselect is a global equities portfolio with a distinctive, yet proven approach. 
    See omnystudio.com/listener for privacy information.

    • 5 min

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