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30 Jan 2025Hear from our Blackwattle Mid Cap Quality team as they focus on investing in high-quality businesses over the longer term. In the Livewire article below they discuss three high-quality stocks, diversified across industries, that they believe are well-placed in 2025.
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Article
21 Jan 2025Portfolio Manager and Partner, Ray David, discusses with Australian Financial Review, Wesfarmers decision to shut Catch amid growing competition.
Ray highlights the challenges faced by many pure-play online retailers in achieving sustained profitability due to reliance on Google for customer acquisition, intense price competition, and the difficulty of delivering the same level of customer service as in-store staff.
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Video
16 Jan 2025Letter
Our Blackwattle Investment Partners Mid Cap Quality Fund has completed the first full calendar year of investing.
The portfolio has evolved somewhat over the short 18 months investing under the Blackwattle banner optimising to achieve the fund goals of owning the highest quality companies on the ASX as well as maximising positions that we see having the largest return opportunities – our best ideas.
Thank you to all that have supported Blackwattle and the Mid Cap Fund on its journey thus far.
Please click the link below to read more from the team as they provide their insights about the portfolio, its history, and outlook.
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Article
3 Jan 2025Our Portfolio Manager and Partner, Ray David and our Blackwattle Investment Partners’ Large Cap Quality team, provide insights into current market movements.
Ray highlights that:
“Index changes and the growth of momentum investing is having a disproportionate impact on company valuations,” says Blackwattle Investment Partners portfolio manager Ray David, who carries around a chart from Macquarie that shows index funds now account for 22 per cent of ASX 200 ownership – up from 13 per cent a decade ago.
David says market prices are increasingly set by passive investment flows, thematic ETFs and larger wholesale pools of money, leading to things like the “irrational exuberance” at CBA. Active managers – kings of the market 10 or 20 years ago – have fallen in the pecking order. Surely, that affects share prices.
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“Discipline is doing what needs to be done, even when you don’t feel like doing it.” – Unknown Market…
Hear from our Small Cap Portfolio Manager Robert Hawkesford as he discusses Market Insights for September. Click the video…
Blackwattle Investment Partners CIO Michael Skinner recently joined Juliette Saly on ausbiz to discuss the Equity Income Fund set…
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