Eley Griffiths Group Emerging Companies (PIM5346AU) Report & Performance

What is the Eley Griffiths Group Emerging Companies fund?

Eley Griffiths Group Emerging Companies aims to outperform the S&P/ASX Small Ordinaries Accumulation Index over a rolling 5 year period.

  • The Fund principally invests in equities of Australian and New Zealand companies listed on the ASX and NZX that fall outside the S&P/ ASX200 Index and some cash.
  • The Investment Manager is an active manager who makes decisions about buying and selling investments of the Fund on a daily basis.

Growth of $1000 Investment Over Time

Performance Report

Peer Comparison Report

Peer Comparison Report

Latest News & Updates For Eley Griffiths Group Emerging Companies

Eley Griffiths Group Emerging Companies Fund Commentary September 30, 2023

The Eley Griffiths Group Emerging Companies Fund (Fund) decreased -2.9% in August, outperforming the Small Ordinaries Accumulation Index which finished -4.0% lower. Since its inception in March 2017, the Fund has delivered a return of +13.1% per annum after fees for its unitholders.

In the month financial markets grappled with a shift in sentiment. Triggered primarily by the US Federal Reserve’s (Fed) announcement of a more hawkish (tightening) monetary policy stance, investors shifted from the optimism of a smooth economic “soft landing” scenario, reverting to the “higher for longer” narrative, the prospect of a prolonged period of elevated interest rates. Escalating oil prices added to heightening anxieties about persistent inflation. Moreover, the looming threat of a US government shutdown due to a funding dispute added another layer of uncertainty.

The gold price experienced a decline in response to the more hawkish stance taken by the Fed. Typically, demand for gold softens as higher rates make interest-bearing assets more attractive in comparison to non-interest-bearing safe-haven asset like gold. Detracting from returns in the month were gold names Genesis Minerals (-13%) and Capricorn Metals (-10%). Leo Lithium’s (-55%) performance suffered due to rising concerns about regulatory risks in its Mali operations.

Leading contributors to returns in the month was oil and gas explorer and producer Karoon Energy (+10%) and uranium holding Paladin Energy (+30%). Oil prices surged as U.S. crude inventories dropped significantly, surpassing expectations. Combined with OPEC’s production cuts, this raised concerns about reduced supply, prompting a rally across the oil complex. Production downgrades announced by a major uranium producer triggered a notable rally in uranium prices.

Finally, Tuas Ltd (+11%) moved higher after reporting a 50% year-onyear increase in revenue. TUA, which owns and operates a mobile network in Singapore, has been making substantial investments in its network infrastructure to achieve the goal of surpassing 60% outdoor 5G coverage by year end.

READ HISTORICAL PERFORMANCE COMMENTARIES

Product Snapshot

  • Product Overview
  • Performance Review
  • Peer Comparison
  • Product Details

Product Overview

Fund Name APIR Code
? A Product Code is unique a identifier code issued by a group or governing body, to reference products in a large group. For an example, APIR codes are commonly used for Funds and Ticker codes are commonly used for Securities such as ETFs and Stocks.
Structure
?
Asset Class
? An Asset Class breakdown provides the percentages of core asset classes found within a mutual fund, exchange-traded fund, or another portfolio. Asset classes (in microeconomics and beyond) generally refer to broad categories such as equities, fixed income, and commodities.
Asset Category
? An Asset Category is a grouping of investments that exhibit similar characteristics and are subject to the same laws and regulations. Asset categories (or a sub-asset class) are made up of instruments which often behave similarly to one another in the marketplace, looking down to the Asset Category level is important if looking to build a diversified portfolio.
Peer Benchmark Name
? A Peer Index (benchmark) refers to a peer group of investment managers who have the same investment style or category. It is used to compare the performance of one manager to their peer group, which makes it simpler for investors to choose between the vast number of investment managers.
Broad Market Index
? A Market Index (benchmark) refers to a hypothetical portfolio of investments that represents a segment, asset or category of an investable market. Market Indices are used to benchmark managers performance, to assist their style reliability and ability to provide excess returns.
FUM
? Funds/Assets under management (AUM) is the total market value of the investments that a person or entity manages on behalf of clients. Assets under management definitions and formulas vary by company.
Management Fee
? A management fee is a charge levied by an investment manager for managing an investment fund. The management fee is intended to compensate the managers for their time and expertise for selecting finanical products and managing the portfolio.
Performance Fee
? A performance fee is a payment made to an investment manager for generating positive returns. This is as opposed to a management fee, which is charged without regard to returns. A performance fee can be calculated many ways. Most common is as a percentage of investment profits, often both realized and unrealized. It is largely a feature of the hedge fund industry, where performance fees have made many hedge fund managers among the wealthiest people in the world.
Spread
? A spread can have several meanings in finance. Basically, however, they all refer to the difference between two prices, rates or yields. In one of the most common definitions, the spread is the gap between the bid and the ask prices of a security or asset, like a stock, bond or commodity. This is known as a bid-ask spread.
Eley Griffiths Group Emerging CompaniesPIM5346AUManaged FundsDomestic EquityAustralian Small CapDomestic Equity - Small Cap IndexASX Index Small Ordinaries Index175.01 M1.25%0.25%0.48%

Performance Review

Fund Name Last Month
? Returns after fees in the most recent (last) month).
3 Months Return
? Returns after fees in the most recent 3 months.
1 Year Return
? Trailing 12 month returns.
3 Years Average Return
? Average Annual returns from the last 3 years.
Since Inc. Average Return
? Average (annualised) returns since inception
1 Year Std. Dev. (Annual)
? The standard deviation (or annual volatility) of the last 12 months.
3 Years Std. Dev. (Annual)
? The average standard deviation (or annual volatility) from the last 3 years.
Since Inc. Std. Dev. (Annual)
? The average standard deviation (or annual volatility) since the fund inception.
1 Year Max Drawdown
? The maximum drawdown in the last 12 months - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.
3 Year Max Drawdown
? The maximum drawdown in the last 36 months - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.
Since Inc. Max Drawdown
? The maximum drawdown since inception - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.
Eley Griffiths Group Emerging Companies-0.32%0.16%26.27%3.73%14.41%13.35%18.95%18.82%-7.22%-30.42%-30.42%

Peer Comparison

Fund Name Peer Index Name
? A group of individuals who share similar characteristics and interests are called peer groups. Peer group analysis is an essential part of assessing a price for a particular stock in investment research. The emphasis here is on making a comparison, meaning that the peer group constituents should be more or less identical to the company being examined, especially in terms of their main business and market capitalization areas.
12 Months Excess Return
? Excess returns are an important metric that helps an investor to gauge performance in comparison to other investment alternatives. In general, all investors hope for positive excess return because it provides an investor with more money than they could have achieved by investing elsewhere.
Excess Return Annualised Since Inception
? Excess returns are an important metric that helps an investor to gauge performance in comparison to other investment alternatives. In general, all investors hope for positive excess return because it provides an investor with more money than they could have achieved by investing elsewhere.
12 Months Alpha
? Alpha is used in finance as a measure of performance, indicating when a strategy, trader, or portfolio manager has managed to beat the market return over 12 months. Alpha, often considered the active return on an investment, gauges the performance of an investment against a market index or benchmark that is considered to represent the market’s movement as a whole.
Alpha Annualised Since Inception
? Alpha is used in finance as a measure of performance, indicating when a strategy, trader, or portfolio manager has managed to beat the market annualized since inception. Alpha, often considered the active return on an investment, gauges the performance of an investment against a market index or benchmark that is considered to represent the market’s movement as a whole.
12 Months Beta
? Rolling 12Month Beta is a measure of the volatility—or systematic risk—of a security or portfolio compared to the market as a whole. Beta is used in the capital asset pricing model (CAPM), which describes the relationship between systematic risk and expected return for assets (usually stocks).
Beta Annualised Since Inception
? Beta is a measure of the volatility—or systematic risk—of a security or portfolio compared to the market as a whole. Beta is used in the capital asset pricing model (CAPM), which describes the relationship between systematic risk and expected return for assets (usually stocks).
12 Months Tracking Error
? 12Month Tracking error is the difference in actual performance between a position (usually an entire portfolio) and its corresponding benchmark over the last 12 months. The tracking error can be viewed as an indicator of how actively a fund is managed and its corresponding risk level. Evaluating a past tracking error of a portfolio manager may provide insight into the level of benchmark risk control the manager may demonstrate in the future.
Tracking Error Since Inception
? Since Inception tracking error is the difference in actual performance between a position (usually an entire portfolio) and its corresponding benchmark since inception. The tracking error can be viewed as an indicator of how actively a fund is managed and its corresponding risk level. Evaluating a past tracking error of a portfolio manager may provide insight into the level of benchmark risk control the manager may demonstrate in the future.
12 Months Correlation
? Correlation, in the finance and investment industries, is a statistic that measures the degree to which two securities move in relation to each other. Correlations are used in advanced portfolio management, computed as the correlation coefficient, which has a value that must fall between -1.0 and +1.0.
Correlation Since Inception
? Correlation, in the finance and investment industries, is a statistic that measures the degree to which two securities move in relation to each other. Correlations are used in advanced portfolio management, computed as the correlation coefficient, which has a value that must fall between -1.0 and +1.0.
Eley Griffiths Group Emerging CompaniesDomestic Equity - Small Cap Index10.34%5.45%NA%NA%NA%1.045.01%6.29%0.930.95

Product Details

Fund Name Verifed by SMSF Mates Manager Address Phone Website Email
Eley Griffiths Group Emerging CompaniesYes-https://eleygriffithsgroup.com/-

Product Due Diligence

What is Eley Griffiths Group Emerging Companies

Eley Griffiths Group Emerging Companies is an Managed Funds investment product that is benchmarked against ASX Index Small Ordinaries Index and sits inside the Domestic Equity - Small Cap Index. Think of a benchmark as a standard where investment performance can be measured. Typically, market indices like the ASX200 and market-segment stock indexes are used for this purpose. The Eley Griffiths Group Emerging Companies has Assets Under Management of 175.01 M with a management fee of 1.25%, a performance fee of 0.25% and a buy/sell spread fee of 0.48%.

How has the investment product performed recently?

The recent investment performance of the investment product shows that the Eley Griffiths Group Emerging Companies has returned -0.32% in the last month. The previous three years have returned 3.73% annualised and 18.82% each year since inception, which is when the Eley Griffiths Group Emerging Companies first started.

How is risk measured in this investment product?

There are many ways that the risk of an investment product can be measured, and each measurement provides a different insight into the risk present. They can be used on their own or together to perform a risk assessment before investing, but when comparing investments, it is common to compare like for like risk measurements to determine which investment holds the most risk. Since Eley Griffiths Group Emerging Companies first started, the Sharpe ratio is NA with an annualised volatility of 18.82%. The maximum drawdown of the investment product in the last 12 months is -7.22% and -30.42% since inception. The maximum drawdown is defined as the high-to-low decline of an investment during a particular time period.

What is the relative performance of the investment product?

Relative performance is what an asset achieves over a period of time compared to similar investments or its peers. Relative return is a measure of the asset's performance compared to the return to the other investment. The Eley Griffiths Group Emerging Companies has a 12-month excess return when compared to the Domestic Equity - Small Cap Index of 10.34% and 5.45% since inception.

Does the investment product produce Alpha over its Peers?

Alpha is an investing term used to measure an investment's outperformance relative to a market benchmark or peer investment. Alpha describes the excess return generated when compared to peer investment. Eley Griffiths Group Emerging Companies has produced Alpha over the Domestic Equity - Small Cap Index of NA% in the last 12 months and NA% since inception.

What are similar investment products?

For a full list of investment products in the Domestic Equity - Small Cap Index category, you can click here for the Peer Investment Report.

What level of diversification will Eley Griffiths Group Emerging Companies provide?

Eley Griffiths Group Emerging Companies has a correlation coefficient of 0.95 and a beta of 1.04 when compared to the Domestic Equity - Small Cap Index. Correlation measures how similarly two investments move in relation to one another. This establishes a 'correlation coefficient', which has a value between -1.0 and +1.0. A 100% correlation between two investments means that the correlation coefficient is +1. Beta in investments measures how much the price moves relative to the broader market over a period of time. If the investment moves more than the broader market, it has a beta above 1.0. If it moves less than the broader market, then the beta is less than 1.0. Investments with a high beta tend to carry more risk but have the potential to deliver higher returns.

How do I compare the investment product with its peers?

For a full quantitative report on Eley Griffiths Group Emerging Companies and its peer investments, you can click here for the Peer Investment Report.

How do I compare the Eley Griffiths Group Emerging Companies with the ASX Index Small Ordinaries Index?

For a full quantitative report on Eley Griffiths Group Emerging Companies compared to the ASX Index Small Ordinaries Index, you can click here.

Can I sort and compare the Eley Griffiths Group Emerging Companies to do my own analysis?

To sort and compare the Eley Griffiths Group Emerging Companies financial metrics, please refer to the table above.

Has the Eley Griffiths Group Emerging Companies been independently verified by SMSF Mate?

This investment product is in the process of being independently verified by SMSF Mate. Once we have verified the investment product, you will be able to find more information here.

How can I invest in Eley Griffiths Group Emerging Companies?

If you or your self managed super fund would like to invest in the Eley Griffiths Group Emerging Companies please contact via phone or via email .

How do I get in contact with the Eley Griffiths Group Emerging Companies?

If you would like to get in contact with the Eley Griffiths Group Emerging Companies manager, please call .

Comments from SMSF Mates

SMSF Mate does not receive commissions or kickbacks from the Eley Griffiths Group Emerging Companies. All data and commentary for this fund is provided free of charge for our readers general information.

Historical Performance Commentary

Performance Commentary - August 31, 2023

The Eley Griffiths Group Emerging Companies Fund (Fund) increased +1.9% in August, outperforming the Small Ordinaries Accumulation Index which finished -1.3% lower. Since its inception in March 2017, the Fund has delivered a return of +13.8% per annum after fees for its unitholders.

In August, observers of the global macroeconomic landscape witnessed a potential peak in interest rates alongside further evidence of a decline in inflation. Despite Federal Reserve Chair Powell’s cautious stance on inflation at the Jackson Hole summit, market analyst conceded a low likelihood of further rate hikes, and an eventual shift to potential rate cuts. International markets experienced weakness, primarily driven by concerns about China’s economic slowdown and a fragile property market, with obvious repercussions for resource stocks.

Domestically, investors were trained on the reporting season. Shortterm volatility persisted, and the reporting season yielded mixed results, with a greater number of companies surpassing expectations. However, there was a prevalence of FY24 profit downgrades outweighing upgrades. Consumer strength emerged as a significant topic of discussion, as certain consumer-oriented companies surpassed modest expectations, amid mounting headwinds in the retail sector. Meanwhile, cost management proved disappointing, primarily attributed to elevated interest and labour costs, both having a discernible impact on sector profitability.

Detracting from the Fund’s performance was international money services provider OFX Group (OFX), finishing -18% lower following a robust rally in the previous quarter. Investor sentiment soured post the AGM trading update despite management reiterating its earnings guidance and providing commentary that short term trading conditions had stabilised.

This reporting season, investor support favoured early-stage companies with improved cash management and those nearing profitability. Notable examples, and key contributors to performance included Audinate (AD8) and Siteminder (SDR), with returns of +48% and +16% respectively. Media networking solutions provider AR8 reported a 40% revenue increase and achieved its firstever profit. Hotel software company SDR nearly doubled its global hotel customer base in a year. The company’s focus on customer growth and cost reduction positions it for profitability in FY24.

Performance Commentary - July 31, 2023

The Eley Griffiths Group Emerging Companies Fund (Fund) increased +4.0% in July, outperforming the Small Ordinaries Accumulation Index which finished up +3.5%. Since its inception in March 2017, the Fund has delivered a return of +13.7% per annum after fees for its unitholders.

International equity markets posted another strong month. Falling inflation and a predicted +25bps hike by the US Federal Reserve extended the Nasdaq’s (+4%) bull market.

The Australian market participated in the global rally, the Small Ords Index outperforming the ASX 100 in the upswing.

Local sentiment improved on a Reserve Bank of Australia (RBA) pause and the June Quarter CPI print coming in below expectations, marking the second consecutive quarter of lower annual inflation, also known as ‘disinflation’*.

Contributors to performance in July included SiteMinder (SDR, +44%), Megaport Ltd. (MP1, +41%) and Genesis Minerals (+13%).

Network-as-a-service company MP1 upgraded profit guidance. A pricing increase, cost control efforts and organic growth in recurring revenue (+40% YOY) driving the result.

Similarly, hotel booking platform SDR announced a positive trading update, the firm nearly doubling its global customer base over the past year. The normalisation of hotel booking activity had compelled hoteliers to increasingly employ SDR’s solutions.

On no specific news PSC Insurance (-15%), Tourism Holdings (-8%) and Silex Systems (-8%) drifted lower detracting from performance.

The focus has shifted from the macro to the micro as August corporate earnings session ramps up. The lead from the US 2Q reporting season has been better-than-expected. Stock fundamentals will reassert themselves again and valuations likely to be called into question. *

Performance Commentary - June 30, 2023

In May, the Eley Griffiths Group Emerging Companies Fund finished -1.0% lower outperforming its benchmark, the Small Ordinaries Accumulation Index decline of -3.3%. Since inception (March 2017) the Fund has delivered a return of +12.7% p.a after fees.

As throughout the year, investors have faced challenges such as high inflation and rising interest rates in the month. The resolution of the US debt ceiling issue in the final hour also added to the macroeconomic complexity. Negative trading updates from the retail sector, indicating a potential slowdown in consumer activity had an impact on market sentiment. A profit warning from Universal Store (UNI; -40%) triggered selling across the entire Consumer Discretionary sector (-6.4%).

Simultaneously, US chip-stock NVIDIA exceeded market expectations driven by surging demand for AI-related graphics processing units. This led to a significant rotation of investment from under pressure consumer/cyclical sectors into Information Technology (+6.9%). Tech companies with exposure to AI attracted investors’ interest, as an example, new portfolio holding Appen surged +70% from its capital raise price.

Weighing on portfolio performance was weakness in Small Resources (-7.1%). However, there were more positive signs for the Lithium market, with indications of restocking across the battery supply chain and increased electric vehicle sales in China. Portfolio holdings Leo Lithium (+70%) and Delta Lithium (+43%) performing strongly.

Notable contributor to performance during the month was OFX Group (+28%). The company rebounded following the announcement of an above-consensus earnings guidance, share buyback and an acquisition.

Trading volumes decreased when interest rates began tightening in 2022, leading to decreased liquidity and sentiment, particularly in small/micro industrials. However, recent weeks have seen a rebound in trading volumes, approaching the long-run average. The economic cycle is not to be confused with the market cycle. The latter will move well ahead of time, discounting poor news and looking forward to consumer and business revival.

Performance Commentary - May 31, 2023

In May, the Eley Griffiths Group Emerging Companies Fund finished -1.0% lower outperforming its benchmark, the Small Ordinaries Accumulation Index decline of -3.3%. Since inception (March 2017) the Fund has delivered a return of +12.7% p.a after fees. As throughout the year, investors have faced challenges such as high inflation and rising interest rates in the month.

The resolution of the US debt ceiling issue in the final hour also added to the macroeconomic complexity. Negative trading updates from the retail sector, indicating a potential slowdown in consumer activity had an impact on market sentiment. A profit warning from Universal Store (UNI; -40%) triggered selling across the entire Consumer Discretionary sector (-6.4%). Simultaneously, US chip-stock NVIDIA exceeded market expectations driven by surging demand for AI-related graphics processing units. This led to a significant rotation of investment from under pressure consumer/cyclical sectors into Information Technology (+6.9%). Tech companies with exposure to AI attracted investors’ interest, as an example, new portfolio holding Appen surged +70% from its capital raise price. Weighing on portfolio performance was weakness in Small Resources (-7.1%).

However, there were more positive signs for the Lithium market, with indications of restocking across the battery supply chain and increased electric vehicle sales in China. Portfolio holdings Leo Lithium (+70%) and Delta Lithium (+43%) performing strongly. Notable contributor to performance during the month was OFX Group (+28%). The company rebounded following the announcement of an above-consensus earnings guidance, share buyback and an acquisition.

Trading volumes decreased when interest rates began tightening in 2022, leading to decreased liquidity and sentiment, particularly in small/micro industrials. However, recent weeks have seen a rebound in trading volumes, approaching the long-run average. The economic cycle is not to be confused with the market cycle. The latter will move well ahead of time, discounting poor news and looking forward to consumer and business revival.

Performance Commentary - April 30, 2023

The Eley Griffiths Group Emerging Companies Fund (Fund) increased 1.3% in April, compared to the Small Ordinaries Accumulation Index return of 2.8%. The Small Ords outperformed large caps in the month, turning a corner following a period of underperformance. Since inception (March 2017) the Fund has returned 13.1% p.a. after fees for unitholders. Market volatility subsided and sentiment improved in April. US regional bank failures were ringfenced when the US Federal Reserve established a lending program to help meet bank customer withdrawals, avoiding the need for banks to sell treasury bonds at a loss.

US company earnings results season kicked off on a positive note with better than feared results. Management track record, strategy and alignment are cornerstones of our qualitative assessment process. An example of highly regarded leadership is Raleigh Finlayson, MD of gold miner Genesis Minerals (GMD; +22%) who announced the proposed acquisition of St Barbara’s Leonora assets. Finlayson built his track record by creating value for shareholders at Saracen (now part of Northern Star Resources). Recently it was revealed that GMD may face competition for the assets, which will play out in the coming months.

Performance Commentary - February 28, 2023

After increasing +6.6% in January, the Small Ordinaries Accumulation Index retraced -3.7% in the month. The Eley Griffiths Group Emerging Companies Fund finished -6.9% lower and since inception (March 2017) the Fund has returned +13.6% p.a. after fees for unitholders. A collection of strong US economic data coming in ahead of expectations triggered moves across all asset classes. The data hit sentiment as it supported the view that the US Federal Reserve will be forced to stay on its interest rate tightening path.

Against this backdrop defensive names outperformed, the opposite to January which saw Growth stocks rally as investors speculated peak inflation had been reached. Gold names fell and detracted from performance as the US 10yr Treasury Yields rose by >40bps. Overall, the first half year reporting season showed top line revenue numbers remain robust. Higher costs are hitting corporate margins, especially wage inflation which is now the focus rather than labour availability. Management outlooks were generally conservative acknowledging that the economic backdrop is likely to soften.

Portfolio holdings which beat earnings expectation and contributed to returns in the month were Audinate Group (+9.8%), Tyro Payments (+11.1%) and HUB24 (+11.3%). The Chinese re-opening trade stalled, prompting Small Resources (-9.2%) underperformance of Small Industrials (-2.0%) with weakness across several commodity benchmarks and contracting companies citing cost inflation as prompting delays in capex intentions.

Looking ahead, despite the surprisingly strong US jobs data in the month, Chair of the US Federal Reserve, Jerome Powell said that the disinflationary process “had begun” and that the US was in the “early stages of disinflation” (7 February 2023, Economic Club of Washington speech). The expected gradual downward trend of inflationary data points is likely to lend support to equity markets.

Performance Commentary - December 31, 2022

Equity markets could not maintain the strength of the previous two months and drifted lower in December. The Small Ordinaries Accumulation Index returned -3.7%, the Eley Griffiths Group Emerging Companies Fund finished -4.0% lower and since inception (March 2017) the Fund has returned +14.5% p.a. after feesfor unitholders. Despite the US November consumer price index (CPI) print coming in below expectations and the lowest in a year, US Federal Reserve chairman Jerome Powell’s signalled that interest rate increases will continue, albeit at a slower pace. Powell dampened hopes of a Fed ‘pivot’ suggesting rates may stay higher for longer to achieve price stability, implying a return to 2% inflation overtime. (Powell’s Press Conference December 14) Lithium names retreated In December amid concerns around the sustainability of electric vehicle (EV) demand and weaker battery supply chain destocking.

A rotation away from Lithium contributed to Gold’s strength as did the Bank of Japan’s unexpected reversal on its YCC policy (Yield Curve Control) which sent the USD lower triggering commodities priced in USD to trade higher. Contributing to returns in the month were portfolio Gold holdings Capricorn Metals (+9.5%) and OreCorp (+25.7%). Silex Systems (SLX; +12.2%) is commercialising its laser technology to enrich uranium and silicon. In the month SLX announced the achievement of several key project milestones. Beacon Lighting Group (BLX; +10.4%) traded higher as investors anticipate its strategy to develop its Trade (and International) business will offset and outweigh the risk of a cyclical downturn triggered by the rapid cash rate increases over the past 6 months. Detracting from returns in the month was property settlements platform company PEXA Group (PXA; -17.9%). To pay down borrowings, Link Group (LNK) sold 10% of its existing 43% stake in PXA, its remaining shares to be transferred to LNK shareholders via an in-specie distribution. As we move past peak inflation prints central banks will balance guiding inflation lower without bringing economic growth to a grinding halt. As the pace of central banks rate hikes decline, governing company earnings and market direction will shift from monetary policy to bottom-up company fundamentals.

Kind words from Aussies managing
their own self funded futures

  • SMSF Mate is a unique website because it has ideas about how to approach SMSFs, insurance and other financial topics that come straight from first hand experience. It's much more useful than what you find on all the other financial websites that just offer generic info that you could easily get on the ATO's website. It's also nice to know there's no financial incentive behind the information, it's legitimately there to help people understand self-managed super funds and how to get the most out of them, not to get an affiliate commission from a broker or other financial services provider. The investment product information is also incredibly useful, I've never seen this kind of functionality on any other website that let's you look at such a wide range of products, sort by what info is most interesting or important to you, and subscribe to updates for different funds and financial products all in one place. Definitely worth checking out if you own or are considering an SMSF!

    David G, Self-Employed, SMSF Owner
  • SMSF Mate provides a unique insight into superannuation and financial topics in a way that is easier to understand than conventional websites. The colloquial nature of the site makes it easy to understand and they often speak about complicated topics in lamens terms so I can wrap my head around them. The investment product information is a great way to research funds that I am interested in investing in with my SMSF and there is a lot of helpful information on the site for better structuring my investment portfolio. In comparison to other websites which offer similar information, SMSF Mate excels as the information is free to access whereas many other sites charge a subscription fee for the same thing. Overall, I think SMSF Mate is a great resource for SMSF trustees and is worth looking at for a variety of super-related topics. Thanks.

    Tim B, Business Owner, SMSF Trustee