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Chanticleer
Chook awards for 2024 & stock picks for 2025
Dec 20, 2024
Emma Fisher, a fund manager at Airly Funds managing nearly $8 billion in assets, discusses the impact of recent market dynamics on investments. She dives into the significance of disciplined investment processes amidst high valuations and shares insights on promising stock selections. The conversation also covers the aftermath of recent corporate maneuvers like BHP's failed bid and Origin Energy's turnaround, along with reflections on the ASX 200 and factors influencing future investment strategies.
56:48
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Quick takeaways
- The protest vote against ANZ's pay report highlights significant shareholder dissatisfaction driven by internal scandals and regulatory challenges.
- Jerome Powell's unexpected rate cut created confusion in the markets, revealing the fragile sentiment of investors closely watching economic indicators.
Deep dives
Shareholder Discontent at ANZ
At the ANZ annual general meeting, a significant protest vote emerged against the bank's pay report, leading to outgoing CEO Shane Elliott forfeiting a $3 million bonus. This protest signal reflects deep shareholder discontent stemming from internal scandals and regulatory concerns, notably related to bond trading practices. Approximately 40% of shareholders voted against the remuneration report, highlighting growing investor dissatisfaction. The situation is further complicated by a forthcoming CEO change, strategic acquisitions, and the need for improved risk management and corporate governance.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode