Investment Perspectives: Thinking about Malls (Shopping Centres)
The month of May was particularly brutal for a number of US and Australian retailers. In the US, GAP, L Brands, Macy’s Nordstrom and others reported weaker than expected or declining sales and profits.
Investment Perspectives: Australian Sovereign Credit Rating (AAA) - does it matter?
It’s the time of year when the nation’s economic eyes turn to the Federal Budget. The fact we have an election in the following weeks adds more than the usual scrutiny to the “bottom line”. Both sides of politics talk of “budget repair” and the need to get back to surplus.
Investment Perspectives: Stock in focus Sun Communities (SUI)
Investment themes play an important part in the Quay investment process. Our regular readers would be aware of our favourable view towards parts of the US housing market.
Investment Perspectives: Australian residential property - taking a different perspective
The National Rugby League (NRL) competition began this week. Over the years I have actively bet on the opening round in each season. The strategy is to bet against the favourite in each game for the first round. It does not work ever year, but on average I am ahead.
Investment Perspectives: Are central banks losing their effectiveness?
Over the past five years, financial markets have moved in concert with changes in policy from central banks.
Investment Perspectives: Rising US cash rates - headwind for REITs or equities?
US Federal Reserve expected to begin cash rate tightening cycle for first time since May 2004.
Investment Perspectives: Why investing for total return, not relative return, makes sense
Like most asset classes, real estate offers investors a total return, comprising income and capital gain. Over time, the capital gain of a property asset reflects the growth in underlying rental income.
Investment Perspectives: NAV versus Total Return Investing - an insight into Quay's investment approach
While in New York recently at a global real estate conference, we attended a number of company meetings with other participants.
Investment Perspectives: BoAML Real Estate Conference - thoughts and themes
Chris Bedingfield, Principal and Portfolio Manager at Quay Global Investors, shares key themes which emerged from meetings following the attendance of the Bank of America Merrill Lynch Global Real Estate Conference held in New York.