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Powering the digital age: navigating data center growth and decarbonisation

The exponential growth of data centers, particularly in the US, raises questions about meeting evolving electricity needs while addressing the energy trilemma of decarbonisation, reliability and affordability.

US utilities: driving energy transition

US-based electric utilities are pivotal actors in driving the energy transition and play a key role in emerging sectors including datacentres and EV adoption. Over the course of March our investment team met with management teams from ten US utilities with a combined market capitalisation of over US$300bn. These meetings helped reinforce our positive views on the sector and the opportunities available for these critical enablers.

Similarities – and differences – to September 2007

In his latest quarterly review, Chief Investment Officer Garth Rossler compares current markets and portfolio positioning to the period leading up to the GFC, emphasizing our enduring focus on pockets of relative value.

Opportunities at the smaller end of the Australian gold mining sector

Following the recent gold price surge we believe there is share price upside potential for select companies in the Australian small cap gold sector.

A good recent run for the Big Four banks, but where to next?

The big Australian banks have enjoyed a good run-up in share prices in recent months. In his latest missive Dougal Maple-Brown, Head of Australian Value Equities, explains why we have favoured some of the Big Four, the drivers behind recent share price rises and what comes next.

Australian small caps at an inflection point this reporting season

Overall, the February reporting season was generally positive for Australian small caps, with the domestic economy remaining resilient, and many small cap company results beating market expectations.

Australian small cap tech – why we remain optimistic

As the Australian tech sector matures, we believe share price performance will be increasingly driven by medium-term earnings delivery, transcending the ‘growth at all costs’, loss-making strategy of recent years.

A summer hangover?

After a frothy end to 2023 our Head of Australian Value Equities Dougal Maple-Brown assesses the prospects for Australian equities through 2024.

Positive signs for global listed infrastructure in 2024

There is much to think about in geopolitics and macroeconomics over 2024 and it is unlikely to be a stable year. Real yields have fallen and the global economy looks to be slowing which should benefit defensive essential service assets like infrastructure, relative to more economically sensitive investments.