JANA has been recommending diversifying strategies within its asset allocation advice for some time, recognising that most traditional asset classes are at best fully valued, or in the case of bonds outright expensive. In this edition of MyConsultant we will profile one example of a diversifying strategy that can play a role in further diversifying an investment portfolio. Read more about Global Macro – An Alternative Investment Strategy
The acceleration in passive investing, and in particular the rise of Exchange Traded Funds (ETFs) as a popular approach for investing passively, is a phenomenon that is well documented. Without seeking to argue the merits or disadvantages of ETFs or other passive instruments, the growth of its market share and speed of uptake raises an obvious question as to what impact the rise of passive investing is having on markets, be it from an excess return or risk perspective. JANA reflects on this question in this month’s issue of MyConsultant. Read more about Changing Market Dynamics - The Rise of Passive Investing and Exchange Traded Funds (ETFs)
Operational alpha is an often overlooked component of investment management that helps investors to recoup post trade leakage and may assist in enhancing returns, particularly during times of low returns. This paper introduces a number of operational alpha concepts, ranging from relatively passive to the quite complex. Read more about Generating Operational Alpha
JANA is pleased to announce that it will be the primary Investment Consultant for the South Australian based, Funds SA . JANA began working with Funds SA on the 1st January 2018 and the appointment of JANA followed a comprehensive tender review process undertaken by Funds SA.
Jim Lamborn CEO of JANA commented that ‘the depth and breadth of the JANA research and consulting capabilities was well aligned with Funds SA and we look forward to working with the internal team’.
JANA is an established investment advisory firm with 30 years' of experience and over $375bn funds under advice. JANA has a strong and successful track record in delivering outstanding returns with our clients. In the recent (December 2017) SuperRatings SR 50 Balanced report, JANA advised 6 of the top 10 performing funds and 5 of the top 5 performing funds on a 1 year basis. JANA look forward to the partnership with Funds SA. Read more about JANA wins $30bn public sector mandate
JANA’s long serving Head of Investment Outcomes, Steve Carew has analysed the performance of JANA’s advised funds over the long term, and concludes that size of fund has not been a major factor in investment performance outcomes.
“Over the medium term (i.e. the past five years) on average, many of our medium and smaller sized funds have performed just as well as the largest mega-funds.”
Over the very long term (i.e. of 10 years), the JANA advised mega-large funds have performed a little better as a group, but it has not been consistent across all funds”, Mr Carew said. Read more about Size no barrier to good performance
We have been bombarded with countless articles about Amazon’s imminent ‘devastation’ of the Australian retail sector over the past year. In this month’s edition of MyConsultant, Alastair McIntosh – from JANA’s Property Research team – compares Australia’s online-retail sector with other global markets, reviews Amazon’s potential impact on Australian Retail and finally, outlines which types of Retail property investors should own in the future, now that online retail will become a major component of our retail landscape. Read more about Amazon: Is Retail Property in Trouble?
Credit investments have played a growing role in institutional portfolios since the beginning of the Global Financial Crisis. At that time, significant dislocations in credit markets provided an opportunity for outsized returns, resulting in many institutional investors making their first meaningful, standalone allocations to credit. Fresh from two weeks in the US meeting with a broad array of credit managers, this month’s MyConsultant sees the Fixed Interest team reflect on the state of credit markets today and the changing role of credit in investor portfolios. Read more about Credit Investments: Then & Now
Please take a look at JANA’s September Quarter ‘What’s New’ Newsletter. In this update we provide insights on the latest happenings in the JANA office, including:
Infrastructure and Property Research Trip,
Introducing Ed Giudice and Kim Slaminka, and
Alice Springs to Darwin on Two Wheels – Georgina Dudley Read more about JANA ‘WHATS NEW’ NEWSLETTER
Each year JANA hosts a study tour for clients, with the purpose of extending Trustee’s and Senior Executive investment knowledge. This year John Coombe and Duncan Smith from JANA hosted the tour which focussed on Asia, with a particular emphasis on China. The following article from Duncan Smith provides a summary of some of the key risks and opportunities identified for investors looking to gain more direct exposure to China. Read more about Risks and Opportunities in China – JANA 2017 Asian Research Tour