The Exchange by EW&L Private Wealth

Let us know your thoughts, questions, and who you want to hear from next!In this episode of the Exchange podcast, we sat down with Casey McLean to discuss all things Australian Equities. Casey is the portfolio manager for the Fidelity Australian Opportunities Fund and has worked with Fidelity since 2015. Prior to commanding the Australian strategy, he was the director of equities in Hong Kong where he specialised in Chinese equities and energy. With more than 19 years of asset management experience, his unique insights make for a very interesting conversation about what lies ahead for markets and the relative value of Australian equities.With rates likely to remain elevated for longer, McLean highlights the potential risk of re-inflation throughout 2024. Despite this, he talks at length about how Australia's strong track record during periods of moderating global growth, coupled with China's re-opening and demand for commodities, is expected to drive counter-cyclical growth opportunities. As a higher cost of capital widens the divergence of winners and losers, Casey provides context to how investors should be thinking to capitalise on market dislocations.Disclaimer: The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision.

Let us know your thoughts, questions, and who you want to hear from next!In this episode, we talk with Simon Kuestenmacher from the Demographics group about what Australia and the world will look like over the next 5, 10 and 50 years. We talk about the sustainability of living in concentrated cities, the impact artificial intelligence will have on the workforce, the future of property prices in the major cities and the likely hood of geopolitical tensions escalating globally. Simon and Bernard Salt co-founded The Demographics Group in 2017. The group provides specialist advice on demographic, consumer, and social trends for business. Simon has presented to numerous corporate and industry audiences across Australia and overseas on demographic trends, consumer insights and cultural change in Australia.  His presentations and quirky observations are enjoyed by groups from the financial services, property, government, education, technology, retail, and professional services industries, among others.Simon is a columnist for The New Daily newspaper and a contributor to The Australian newspaper and he is a media commentator on demographic and data matters. Simon has amassed 300,000  global followers on social media, reaches over 25 million people every month and ranks as one of the world’s Top 10 influencers in data visualisation. If you can’t get enough data that explains how the world works, make sure to follow him on Twitter or any of his other social channels.If you would like to engage Simon or Bernard directly you can reach them here: The Demographics Group - Insights In Demography (tdgp.com.au)Disclaimer: The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision.

Let us know your thoughts, questions, and who you want to hear from next!In this episode, we speak with Jason Orthman from Brisbane-based fund manager Hyperion. We discussed everything from why we should be investing in growth mandates throughout the cycle, the outlook for inflation and the recent short-selling attack on listed company Block.Hyperion Asset Management was founded in 1996 with the aim to grow the wealth of high-net-worth individuals and enhance their family’s futures. Hyperion now manages over $10 billion for industry and public funds as well as many private investors. The moneys are invested in Australian and/or global equities either through large individual mandates or our three publicly available managed funds. Jason joined Hyperion in 2008 as an Investment Analyst and was promoted to Portfolio Manager in 2009. Prior to this, Jason gained 6 years of industry experience as a Senior Research Analyst with a stockbroker, Wilsons. He has covered a wide range of sectors including mining services, retail, manufacturing, and waste. Jason has a Bachelor of Chemical Engineering (1st Class Honours) and a Bachelor of Business Management from the University of Queensland. He also completed a Graduate Diploma of Applied Finance and Investment from the Australian professional body (now called FINSIA). Jason is a CFA Charterholder and a significant shareholder of Hyperion.Disclaimer: The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision.

Let us know your thoughts, questions, and who you want to hear from next!In this episode of The Exchange, we speak to Charles Hamieh who leads the ClearBridge Investments Infrastructure Team based in Sydney. The outlook for global listed infrastructure and the differences between listed and unlisted infrastructure are discussed. The most exciting opportunities in the asset class are looked at along with what differentiates ClearBridge’s approach to infrastructure investing. ClearBridge Investments is a global equity manager committed to delivering long-term results through active management and ESG integration. They have been operating for over 60 years and now have over US$151bn under management. Charles has responsibility for the leadership and management of ClearBridge’s Global Listed Infrastructure Investment Team. As a Portfolio Manager, Charles is a member of the investment committees responsible for all global listed infrastructure strategies. Charles is also a member of ClearBridge’s Australian-based Leadership Team and has 25 years of investment industry experience in infrastructure across several market-leading firms.Disclaimer: The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision.

Let us know your thoughts, questions, and who you want to hear from next!In this episode Craig, Tim and Ryan discuss current events ranging from the recent collapse of Silicon Valley Bank, the aggressive re-rating of Credit Suisse equity and Credit Default Swaps and the recently proposed changes to the Superannuation cap rules. They also provide their thoughts on what is to follow in markets for the year.  Disclaimer: The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision.

Let us know your thoughts, questions, and who you want to hear from next!In this podcast, Ryan speaks with the Chief Market Strategist of Lazard Asset Management, Ron Temple. Lazard is a global investment powerhouse, and financial advisory business responsible for managing over $200B in USD terms. Ron brings a tremendous amount of thought leadership and an invaluable amount of knowledge in markets. This includes a unique perspective on global conflict and geopolitics given his involvement in Lazard’s Geopolitical Advisory Committee. Ron regularly consults with Government, institutions, and Fortune 500 CEOs. We cover a lot in this session. Inflation, monetary policy, recession, geopolitics, supply chains, corporate earnings, and where to find relative value.Ron provides his perspective on key risks that are not being adequately priced in markets, such as the reality that inflation may remain structurally higher than in previous decades. Driven by fractured geopolitical relationships, climate change and other long-term thematic drivers. He also points to attractive shorter-duration assets across debt, equities, and explains the potential benefits of positioning conservatively in this environment, exploiting pockets of opportunity as they arise.Disclaimer:The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision.Disclaimer: The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision.

Let us know your thoughts, questions, and who you want to hear from next!Grant Hackett OAM is best known for representing Australia at the Olympic games in Swimming in the early 2000’s. He won a series of Olympic Medals spanning from the 2000 Olympics through to his retirement from Swimming in 2008. Over his swimming career he held 16 world records and received the Order of Australia medal, Australian Sport Medal and the centenary model for his achievements and is a member of the sports Australia Hall of Fame.After his retirement from swimming, he pursued a career in finance and holds an executive Master of Business Administration with first class honours, a diploma of financial services and is a graduate of the Australian Institute of Company directors. Grant has held several positions in finance with over 15 years of experience in senior positions across both Westpac and BT Financial Group. He joined the Generation Development life executive team in September 2017 and was promoted to CEO in 2018. Since then, he has driven 29% compound annual growth in sales and over 43% compound annual growth in Net Profit for the group. In today’s episode, we discuss the secret to Grant's success and how he ended up leading one of Australia’s largest insurance bond companies. We discussed the mechanics of how these bonds work, who they are designed to help and why they are gaining in popularity in recent years.  Disclaimer:The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision.Disclaimer: The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision.

Let us know your thoughts, questions, and who you want to hear from next!In today’s episode of the Exchange, we caught up with Cathie Wood of Ark invest (St Petersburg, Florida) to discuss her annual “Big Ideas” research piece which highlights some sectors within disruptive innovation they believe will grow in excess of 40% per annum over the next decade.With over 40 years of experience identifying and investing in innovation, Cathie founded ARK to focus solely on disruptive innovation while adding new dimensions to research. Through an open approach that cuts across sectors, market capitalizations, and geographies, Cathie believes that ARK can identify large-scale investment opportunities in the public markets resulting from technological innovations centred around DNA sequencing, robotics, artificial intelligence, energy storage, and blockchain technology. As Chief Investment Officer (“CIO”) and Portfolio Manager, Cathie led the development of ARK’s philosophy and investment approach and has ultimate responsibility for investment decisions.ARK Invest believes Innovation is key to long-term growth. Cathie Wood has been quoted as saying “Innovation will displace industry incumbents, increase efficiencies, and gain majority market share. More importantly, disruptive innovation impacts and concerns all of our lives.” Cathie will be touching on their annual Big Ideas publication as well as providing her thoughts as to why the time is right to be investing in innovation now.  Disclaimer:The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision.Disclaimer: The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision.

Let us know your thoughts, questions, and who you want to hear from next!In this episode, hear from Peter Bates (Baltimore, Maryland), Portfolio Manager with T Rowe Price, one of the World’s largest asset managers. T Rowe manages more than US$ 1.6 trillion in assets across 16 countries, employing more than 7,300 staff. T Rowe has been awarded multiple times Global Fund Manager of the year, most recently during the difficult year of 2021. Peter holds an MBA from World’s most respected business school, the Wharton School.We discuss with Peter what drives investment success, the thought processes behind building a successful long-term portfolio, as well as just what might the World economy look like by Christmas 2023.Disclaimer: The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision.

Let us know your thoughts, questions, and who you want to hear from next!In this episode, EWL Partners – Craig, Tim and Ryan catch up post Craig’s move back to Sydney, with the doors of our new office now open at number 4 Martin Place in Sydney. Craig, Tim, and Ryan reflect on the year that 2022 was, with one of the fastest rate hiking cycles in history resetting valuations across all asset classes. With that backdrop, the partners share their views on the lessons learned, their investment views for 2023, and key risks and opportunities that should be considered by investors. We talk through inflation, corporate earnings expectations, job cuts, asset allocation preferences, as well as topical events such as Microsoft’s investment in Open ai’s Chat GPT, and what the reopening of China means for the global economy. Don’t miss this episode!Disclaimer: The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision.