Archive: August, 2023

August 31, 2023

Hidden in plain sight: our quest for quality around the world

By Polen Capital

Recently, we highlighted the attractive opportunity we see in international equities. ¹ On the back of more than a decade of underperformance relative to the U. S. , we believe international now has some notable winds at its back, including cheap absolute and relative valuations and moderating dollar strength.
August 30, 2023

Private Credit outclassing the asset classes

By Roger Montgomery

Every six months, Morningstar assembles its Annual Asset Class Returns “gameboard” (Figure1. ). The matrix displays the performance of seven major asset classes over the last 20 financial years to 30 June 2023. While the compilation doesn’t offer much by way of predictive value, its usefulness is in its educational content.
August 28, 2023

China wakes up, but is the nightmare just beginning?

By Roger Montgomery

I have long ignored the reported vicissitudes of China’s economy, unable to reconcile the fact their gross domestic product (GDP) data – obtained from an impossibly large and disparate country – is released more quickly at the end of each month than the U. S. and the data is rarely, if ever, subsequently amended or adjusted.
August 25, 2023

Altium - A quality stock with excellent momentum

By David Buckland

In this week’s video insight, David Buckland, CEO of Montgomery, and Sean Sequeira, Chief Investment Officer of Australian Eagle Asset Management, discuss the investment landscape surrounding Altium (ASX:ALU). The discussion delves into Altium’s historical performance, its emphasis on quality, and its ambitious growth aspirations. Through an exploration of Altium’s positioning, management consistency, and recent achievements, this discussion underscores the significance of these factors in evaluating the company’s investment potential.

August 23, 2023

Megaport is seeing excellent momentum

By David Buckland

After exceeding $21 per share in late-2021, Megaport Limited (ASX:MP1) experienced a very rough 17 months. The company now seems to have its mojo back from the trough in April 2023. Not only has the share price more than tripled to $12. 15, but this has been accompanied by some very positive company announcements.
August 22, 2023

Two innovative companies the Polen Capital team like

By David Buckland

Koh Young Technology, a world leader in 3D measurement and inspection technology and Tomra Systems, a Norwegian multinational corporation manufacturing collection and sorting products are two transformative players in the field of technology, both held in the Polen Capital Global Small and Mid Cap Fund.
August 18, 2023

Two high-quality stocks we own in The Montgomery Funds’ portfolio

By David Buckland

In this video insight, David Buckland, CEO of Montgomery, and Sean Sequeira, Chief Investment Officer of Australian Eagle Asset Management, discuss the positive impact of Australian Eagle’s partnership with Montgomery. They delve into recent company earnings reports, highlighting Cochlear’s (ASX:COH) return to growth as indicative of its strong business quality and long-term potential, independent of external factors. They also mention QBE’s (ASX:QBE) efforts to improve margins through enhanced risk management for better earnings quality, potentially leading to a higher market rating.

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