Tourist attraction: Investing in Australia’s surging visitor numbers

Published: January 13, 2017

Record numbers of visitors pouring into Australia suggest flights full of free-spending tourists landing at crowded airports around the country, cramming through immigration to dash to the nearest shopping centre and lift the nation’s retail sales figures as quickly as possible. Actually, the description is only a slight exaggeration as Australia’s tourism industry undergoes resurgence, […]

Read more

One way to assess policy options and limits

Published: January 13, 2017

Since the global financial crisis (GFC), one of the dominant patterns in global economic policy has been the search for more tools to provide stimulus in an environment where low growth and low inflation have proven extremely persistent. Faced with the difficulty of what to do when cash rates reach the lower bound of zero, […]

Read more

4 reasons why listed real estate is now safer if a downturn hits

Published: January 13, 2017

Advisers who moved their clients into listed real estate after the GFC made a brave call, given that investors in the sector suffered terribly during the economic turmoil. However, in the last five years, those clients who were invested in the listed real estate sector have benefited from strong total returns. Notably, global listed real […]

Read more

There’s no escaping a lacklustre return potential

Published: November 7, 2016

While the high inflation of the 1970s and early 1980s was bad for investment returns at the time, it left a legacy of very high investment yields which helped set the scene for high investment returns through the 1980s and 1990s. Back in the early 1980s the RBA's ‘cash rate’ was averaging around 14%, three-year […]

Read more

Trump vs Clinton: The impact on markets

Published: November 7, 2016

The United States (US) presidential election, on 8 November, between Republican candidate Donald Trump and Democratic candidate Hillary Clinton is a hotly contested race. More recently, we have seen some widening of opinion polls, however, this is a fluid and fast moving landscape and political uncertainty remains. We anticipate that the potential for increased market […]

Read more

QE spillover steers money to US, Australian corporate bonds

Published: October 17, 2016

After seven years of interest rate cuts and trillions of dollars in quantitative easing, discussion is growing over whether monetary policy is losing its effectiveness, given the growth outlook for advanced economies remains below 2%. These measures have fallen short of stoking inflation to the degree major central banks had hoped, leaving economic growth sluggish […]

Read more

Statement by Philip Lowe, Governor: Monetary Policy Decision

Published: October 4, 2016

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The global economy is continuing to grow, at a lower than average pace. Labour market conditions in the advanced economies have improved over the past year, but growth in global industrial production and trade remains subdued. Actions by […]

Read more

How disruption brings investment risk and opportunity

Published: September 16, 2016

Businesses that have succeeded for decades will become unseated by innovative start-ups and tech companies if they don’t adapt to rapid change. At AMP Capital, we looked at the potential impact driverless cars will have on insurers and the economy. Disruption is proving to be a buzz word of 2016. Airbnb, Uber and Tesla have […]

Read more

Shares rally but deflation threat looms

Published: August 22, 2016

Global markets rally Global markets have delivered solid gains after the Brexit vote. Factors driving the strength in shares have been fairly consistent. Economic data have been respectable and June quarter corporate profits in the US have been well up on the previous quarter. In addition, central banks have delivered a broadly consistent message of […]

Read more