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VanEck

Australian Equities Outlook April 2024

VanEck's Australian equities outlook, published April 2024, dissects its views on inflation, policy rates, economic growth, external risks and market implications as the lagged effect of one of the sharpest RBA rate hike cycles hits hardest this year.

ViewPoint: Divergence

‘Divergence’ is the key theme for VanEck's latest update as 2024 heralds a distinct de-syncing of central banks, which had more or less been following a similar approach to monetary policy for the last few years.

Fiscal dominance: Emerging markets’ upper-hand

Most investors remain under-allocated to emerging market (EM) bonds despite hard currency EM bonds having outperformed developed market bonds over the past 20 years.

2024 Asset Allocation Outlook

Views on inflation, policy rates, economic growth and exogenous risks following the sharp rate hikes of last year. On balance, Australia and US should avoid a recession without the need for central bank policy rate cuts to smoothen the landing.

ViewPoint: Wash, Rinse, Repeat

How do investors approach 2024? The investment playbook is to approach risk assets selectively. A good start is to focus on leverage i.e. balance sheets and cash flow. We could see the US dollar come off further and gold continue to shine.

ViewPoint: A habit of higher

VanEck's latest outlook for global and Australian markets for the rest of the year concludes that inflation should rise, gold could glow, and puts liquidity and balance sheets in focus.

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Are term deposits attractive right now?

If you’re like me, you may have put money into term deposits over the past year and it’s time to decide whether to roll them over or look elsewhere. Here are the pros and cons of cash versus other assets right now.

Retirement

How retiree spending plummets as we age

There's been little debate on how spending changes as people progress through retirement. Yet, it's a critical issue as it can have a significant impact on the level of savings required at the point of retirement.

Estate planning made simple, Part I

Every year, milions of dollars are spent on legal fees, and thousands of hours are wasted on family disputes - all because of poor estate planning. Here's a guide to a key part of estate planning - making an effective will.

Investment strategies

Markets are about to get a whole lot harder

As the world shifts away from one of artificially suppressed interest rates and cheap manufacturing, investors will need to carefully consider how companies are positioned to navigate the new higher-cost paradigm.

Investment strategies

Why commodities deserve a place in portfolios

2024 looks set to be another year of reflation and geopolitical uncertainty — with the latter significantly raising the tail risk of a return to problematic inflation. That’s a supportive backdrop for commodities.

Property

What’s next for Australian commercial real estate?

It's no secret that Australian commercial property has endured its most challenging period since the GFC. Yet, there are encouraging signs that the worst may be over and industry returns should improve in the medium term.

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Board games: two hidden risks for stock pickers?

Allan Gray's Simon Mawhinney thinks two groups with huge influence over our public companies often fall short of helping shareholders. In this interview, Mawhinney also talks boards, takeovers, and active investing.

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