Hope, fear, greed – how do you hold the course during periods of volatility? Karl Siegling, Portfolio Manager Cadence Capital shares with the ASX how an active fund manager invests through the cycles and explains the dangers of that ‘comfortable feeling’ of holding too much cash.
In this Webcast, Karl Siegling discusses the companies record profits for 2017 detailing the stocks that performed well for the company during this period. He briefly discusses ‘Fund Fashion’ and ‘Investment Choices’ and then concludes with an update on the company’s outlook over the coming year.
Chris Garrard from Cadence shorted the company at $70 in October 2016. “This is a very rough proxy, but if it’s growing at 20%, it could move to a 20 P/E; then we’d see the stock coming down another $10.”
Karl Siegling speaks to Jessica Amir from the Finance News Network at the SMSF2017 summit in Sydney.
While some research analysts see the new bank taxes as yet another challenge for the sector, Cadence Asset Management’s Karl Siegling shrugs off any concerns around the levies on Macquarie’s bottom line. “The bank levies affect a small percentage of Macquarie’s earnings,” he said. “It affects a very large percentage of the major four banks […]