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24 July 2026

Home / Author: RQI Investors

RQI Investors

Lessons from the Quant Winter

The quant winter was a two‑year period from 2018-20 when quant funds underperformed. This was largely a Developed Markets effect, with Australia also affected. In the last few years we've seen strong quant factor performance which raises the question of whether a quant winter could recur.

Corporate culture: Do companies that talk the talk also walk the walk?

Getting corporate culture right can be a powerful tool for any company and an important dimension for firm value. While intrinsically important for companies, it is notoriously difficult to measure.

Extreme concentration and its implications for equity investors – Addendum

This paper extends RQI's recent research on extreme concentration, turning to the Australian and Emerging Markets (EM) experiences. It aims to provide evidence that Australia and EMs do not show the same recent upward trend in concentration as the US.

Extreme concentration and its implications for equity investors

Concentration in equity markets has reached unprecedented levels, particularly in the US. A select few mega-cap stocks now dominate market indices, reflecting a convergence of technological innovation, speculative enthusiasm, and the allure of generative AI.

A deep dive into profitability

This report examines the characteristics and trend of a well-known measure of quality - Profitability. It discusses the reasons why it is a useful measure and why it might be persistent through time.

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Superannuation

Are you making these SMSF mistakes?

After four decades advising investors, there are a few common mistakes I've seen SMSF investors make. From holding too much cash and chasing yield to overtrading and trusting tips. Are these errors costing you?

Retirement

Retirement spending is not one-size-fits-all

New data challenges the idea that Australians are underspending their super. The bigger issue may be helping retirees navigate complexity, make confident decisions and use their savings to support security, wellbeing and choice.

Taxation

The missing link in the CGT debate

A little-noticed consequence of Labor’s tax changes could have implications well beyond investors’ tax bills. The issue raises bigger questions about incentives, capital allocation and the drivers of long-term economic growth.

Investment strategies

The surprising beneficiaries of the AI boom

While markets obsess over AI winners, a larger, more predictable growth engine is forming. A surge in electricity demand and infrastructure build‑out reveals the quiet, durable assets evolving beneath the AI story.

Superannuation

When losses in super become irreplaceable

The notion of 'you can afford more risk' assumes that losses can be replaced. Above a $2.1 million super balance the law says otherwise, and a worked example shows the refill takes decades, or never happens.

Retirement

Why I object to ‘hitting a number’ for retirement

Many investors dream of “hitting their number” and walking into retirement. But what if reaching that milestone is the moment they should be asking the tough questions? After all, there's a lot more to life than a high portfolio value. 

Planning

Does your will qualify for the discretionary testamentary trust exemption?

Treasury has confirmed the exemption many families were hoping for. But buried in the fine print are two conditions that could leave some wills on the wrong side of the exemption, despite years of careful planning.

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