The stock in focus this month is Brambles (BXB). At recent presentations, Portfolio Managers have touched on the theme of disruption, looking at the possibility that in some areas larger incumbents may have advantages that are underestimated, and that the ability for new players to take significant market share may be somewhat overestimated. Read more
The stock in focus this month is TPG Telecom (TPM). The roll-out of the NBN has meant that the traditional dominant player in the market, Telstra, is under more pressure, as it needs to evolve its offering in the face of increasing competition - 5G is coming. Read more
While positive on the global growth outlook, given financial and political challenges coupled with valuations at the upper end of historic trading ranges, investors should take the time to understand the cost structures of the companies they own. Read more
It’s a new tax year - the arrival of the 2018/19 tax year brings with it many financial opportunities. Elston experts have focused on five of the best and explain how you can take advantage of them. Read more
Congratulations to Elston Asset Management who last night won the inaugural IMAP - Institute of Managed Account Professionals Innovation award. Read more
Investments overseas via managed funds or ETFs can expose investors to potential adverse currency movements, which impact performance in local currency terms. Read more
Whenever a stock in the Portfolio suffers a steep price drop, the Portfolio Managers are faced with the task of looking at the reasons behind the fall and deciding whether it changes the long-term investment thesis for the security. This requires us to revisit our reasoning behind the ongoing investment decision and incorporate the new information - and then look forward. Read more