QuietGrowth moves to Stone & Chalk

QuietGrowth is happy to convey that it has relocated its Sydney office to Stone & Chalk, the best fintech hub of Australia. Stone & Chalk rightly calls itself “the centre of gravity for fintech in Australia”. QuietGrowth is looking forward to a fruitful association with S&C.


Market Insights: Fundamentals still favour a lower Australian Dollar

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Despite higher interest rates in the United States and ongoing weakness in commodity prices, the Australian dollar has broadly trended sideways since late 2015. This note updates our model estimates of fair-value for the $A against the US dollar in light of recent interest rate developments and the December quarter terms of trade results. Although we find that the $A is now closer to fair value (based on current fundamentals), it still seems likely to eventually break below its recent range as fundamentals continue to evolve.


Market Insights: Australian Dividends are the Quiet Achiever

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With interest rates still very low around the world by historic standards, the chase for yield among investors remains intense. The need for decent income returns is all the more pressing considering Australia’s population is getting older and more are entering retirement.  This note documents how dividends have provided Australian investors a relatively high and stable form of income over time, and considers the outlook for dividends over 2016.

Using ETFs to generate efficient after-tax outcomes

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At this time of the year many investors and their advisers are focused on ensuring they implement the most tax efficient strategies in order to take advantage of any benefits or deductions before the end of the financial year. This post details an important but often underappreciated benefit that exchange traded funds (ETFs) can offer investors – tax efficiency. Tax-efficiency is, perhaps, a less visible benefit for investors, as, in the Australian financial market, fund manager performance is more often assessed on pre-tax returns, meaning investors may not be fully appreciative of this ETF related benefit.


Market Insights: Negative rates positive for Gold

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The recent rebound in the price of gold in light of heightened financial market volatility should serve as a reminder to investors of the “safe haven” properties that this precious metal can offer. What’s more, should more central banks resort to negative interest rate policy (NIRP) in the face of slowing global growth, gold’s safe haven status could take on added lustre.