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Global Outlook and Strategy #61
At Providence we are vigilant and watch developments within investment markets keenly to identify opportunities for our clients. Each Quarter, we publish our review of investments and asset classes. Our latest issue is titled "Central banks are furiously blowing but there is still no wind in the sails."
We continue to be in a very low inflation environment globally with pockets of risk of deflation. We remain in unchartered waters with regards to the longer-term effects of negative interest rates and financial institutions struggling to deal with 1) a much tougher regulatory world and 2) lack of growth via lending despite easy access to credit. Why these two points are so pertinent is that it starves global markets of liquidity.
Volatility remains elevated and liquidity across many asset classes is restricted. This is fine while markets are calm, but has an adverse impact when liquidity events such as what we saw in January arise. Risk indicators, such as the VIX index in the USA have fallen dramatically from their January/February spikes which indicate the speed at which the markets will move after a volatility event. We see this as a key risk as to how quickly the market can forget the events that occupied headlines only a number of weeks ago.
Read the full Global Outlook & Stategy #61 here.
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Quarterly Activity Report: April 2016
Providence reviews a number of products each month, searching for investment opportunities that fit our clients' individual requirements.
Being an independent company, each opportunity is assessed solely on its merits regarding risk and return. We share the basis of our decisions with our clients in this Quarterly Activity Report.
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Conflict of Interest Review Long Overdue
By Grant Patterson, Director
Article first published in the Financial Review 30th March 2016
Congratulations to the corporate regulator in its decision to review the culture, conduct and conflicts of interest in vertically integrated funds management businesses. Without pre-empting the outcome of ASIC's findings, it has long been our contention that there is an inherent conflict between the manufacture of investment product and the provision of investment advice that is in the best interest of clients.
Continue reading the Financial Review article here.
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Preserving Capital While Generating a Return in Today's Environment
Recently we were joined by Providence clients and colleagues for our Quarterly Client Luncheons in both Melbourne and Sydney. The Sydney luncheons have been a regular event on the Providence calendar for some years, we are proud that we are now able to provide our Melbourne clients with the same event each quarter.
The luncheon featured guest speaker James Abela, Portfolio Manager, Fidelity Future Leaders Fund who spoke on “Preserving capital while generating a return in today’s environment“. Click here to view James' presentation.
If you would like to know more we invite you to contact Michael Ogg, Director on (02) 9239 9333 or James Smith, Head of Melbourne on (03) 9653 6406.
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Providence Helps Raise $1.5million for Charity
Each year Providence is proud to support the ASX Reuters Charity, a foundation with the objective of helping Australian-based children’s, disability and medical research charities by organising fundraising events in conjunction with the financial markets.
As a Gold Sponsor of the Annual Financial and Media Markets Annual Charity Regatta and Annual Financial Marketing Charity Golf Day and Gala Dinner, Providence contributed to the foundations raising $1.5million from these events, which were distributed to 29 charities.
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Providence Philanthropic Foundation
We have established the Providence Philanthropic Foundation to facilitate planned and professional charitable giving. We welcome both existing clients and new clients to join us on our endeavour towards sustainable support for charities. Click here to learn more. |
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New Address for Providence's Sydney Office
Providence Sydney has moved to Martin Place.
We've settled into our new location and look forward to welcoming our clients and colleagues.
Level 9
20 Martin Place
Sydney
NSW 2000.
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For more information phone (02) 9239 9333 or (03) 9653 6406
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Providence is an independently owned and operated investment advisory group.
ABN 42 003 224 904 | AFSL 245643
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DISCLAIMER: Providence Wealth Advisory Group (AFSL 245643) has made every effort to ensure that the information in this report is accurate, however its accuracy, reliability or completeness is not guaranteed. Although consideration has been given as to the appropriateness of information to the recipient, no warranty is made to the accuracy or reliability of neither the information contained nor the specific recommendation for the recipient. Providence Wealth Advisory Group, its subsidiaries, affiliates or employees may have interests in securities or investment opportunities mentioned in this report. This document should only be read by the intended recipients. Providence Wealth Advisory Group, and its employees, disclaims all liability and responsibility for any direct or indirect loss or damage, which may be suffered by the recipient through relying on anything contained or omitted in this report and/or its recommendations.
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