Hello Redwing,
I went to the Investor Update on Saturday morning and enjoyed the Peter's presentation despite my coughing. (I was the distracting cough up the front, my apologies to anyone who was there)
There was a lot of info to process but some key points included (and these are only my interpretations of what I heard so any mistakes are mine, not Peter's!):
1. The need to consider the increasing influence and opportunities offered by the BRIC countries when looking at investment/wealth creation plans in the next 5-10 years.
(B)razil, (R)ussia, (I)ndia, (C)hina are all burgeoning economies with rapidly expanding needs and likely to drive global growth in the near future.
2. Australian residential property sector as a generalisation (since there is no ONE market or ONE cycle IMHO) is likely to be flat as the yields still need to chase up to the values attributed to the properties esp in the capital cities. This could be achieved either by an improvement in rental yields and/or the passage of time and flat capital growth, rather than a drop in property values.
There is no urgency to enter into this sector at present despite some promise in the volatile prestige residential property sector. It seems we may well be seeing Peter living in Sydney once more if the Brisbane social scene doesn't lift its game
3. Further on the point of BRIC investing, Peter expanded on the need to consider investing in Overseas markets as part of most portfolios; highlighting the comparative sizes of the Oz market and the potential opportunities that could be missed by not being involved in the global scene.
4. Interest rates are not generally going to skyrocket and previous comments in prior Investor Updates of a possible recession and +2% rates in the later part of this decade were mentioned.
I missed that update so I can't comment.
I hope this helps.
Sorry Redwing no more but I haven't my notes with me (this was from memory only). Peter introduced 3 managers of products as usual and they gave their comments; Platypus AM, Merril Lynch Global, HFA Yield.
As always, interested parties should contact their favourite Freeman Fox adviser for the details and PDS's.
Regards,
Kenny