Why we’re very optimistic on the outlook for the Australian economy
As Australia's two largest cities endure through lockdown, talks of a reopening trade are beginning to circulate again. It can all seem a bit familiar to investors as the topic took hold of finance media in late-2020. However, at Kardinia Capital, we believe thematics as strong as these aren't merely for the short term. Backed by an ever-increasing vaccination rate, consumers and businesses are looking through the lockdown to the light at the end of the tunnel. As such, we are very optimistic about the outlook for the Australian economy.
In this interview with Bennelong's Holly Old, I provide my view on where consumer spending is heading, our bright view on the travel industry and one fishy micro-cap taking advantage of a $7 billion industry.
Listen to the podcast here
Timestamps:
- 1:14 – The latest on vaccination rates and supply
- 4:32 – Why the spending shift away from services (to consumer goods) could be starting to reverse
- 6:49 – Why Kardinia sees reopening stocks as a long-term thematic (despite the uncertainty of the Delta variant)
- 8:21 – A brighter outlook for the travel industry at last
- 11:21 – Stock story on one of the more fishy holdings in Kardinia’s portfolio
- 13:58 – Kardinia’s view on the economic outlook, including interest rates and government balance sheets
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Kardinia, a Bennelong Funds Management boutique, aims to generate positive returns through an investment cycle and not lose money in falling markets. For more insights from Kardinia Capital, click the 'FOLLOW' button below or visit our website.
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Kristiaan has more than 20 years of experience in the broader financial services industry. Prior to co-founding Kardinia Capital, he was a portfolio manager with Herschel Asset Management, with responsibilities across responsibilities across a range of Australian equity strategies. He has also had senior roles at Merrill Lynch (in London and Singapore) and KPMG Corporate Finance.
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The content contained in this wire represents the opinions of the authors. The authors may hold either long or short positions in securities of various companies discussed in the article. This commentary in no way constitutes a solicitation of business or investment advice. It is intended solely as an avenue for the authors to express their personal views on investing and for the entertainment of the reader. This information is issued by Bennelong Funds Management Ltd (ABN 39 111 214 085, AFSL 296806) (BFML) in relation to the Bennelong Kardinia Absolute Return Fund. The Fund is managed by Kardinia Capital, a Bennelong boutique. This is general information only, and does not constitute financial, tax or legal advice or an offer or solicitation to subscribe for units in any fund of which BFML is the Trustee or Responsible Entity (Bennelong Fund). This information has been prepared without taking account of your objectives, financial situation or needs. Before acting on the information or deciding whether to acquire or hold a product, you should consider the appropriateness of the information based on your own objectives, financial situation or needs or consult a professional adviser. You should also consider the relevant Information Memorandum (IM) and or Product Disclosure Statement (PDS) which is available on the BFML website, bennelongfunds.com, or by phoning 1800 895 388 (AU) or 0800 442 304 (NZ). Information about the Target Market Determinations (TMDs) for the Bennelong Funds is available on the BFML website. BFML may receive management and or performance fees from the Bennelong Funds, details of which are also set out in the current IM and or PDS. BFML and the Bennelong Funds, their affiliates and associates accept no liability for any inaccurate, incomplete or omitted information of any kind or any losses caused by using this information. All investments carry risks. There can be no assurance that any Bennelong Fund will achieve its targeted rate of return and no guarantee against loss resulting from an investment in any Bennelong Fund. Past fund performance is not indicative of future performance. Information is current as at the date of this document. Kardinia Capital Pty Ltd (ABN 20 152 003 186) is a Corporate Authorised Representative of BFML.
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Kristiaan has more than 20 years of experience in the broader financial services industry. Prior to co-founding Kardinia Capital, he was a portfolio manager with Herschel Asset Management, with responsibilities across responsibilities across a...
Expertise
Kristiaan has more than 20 years of experience in the broader financial services industry. Prior to co-founding Kardinia Capital, he was a portfolio manager with Herschel Asset Management, with responsibilities across responsibilities across a...
Expertise
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