Funds Focus

A lesson in Behavioural Economics with Teaspoons
When you think about hedging your portfolio, who would have thought Toilet Paper would have been the best hedge against a Coronavirus Black Swan event. Yet here we are in the midst of hoarding by the masses.

Supermarkets all over the country are sold out of Toilet Paper, shoppers are fighting in the aisles, bulk buying and hoarding. It seems irrational, yet any man will tell you, running out of toilet paper in a house full of ladies is akin to

Fun for the Melbourne Cup. Macquarie and Morgans bean counters have once again been released to see if they can put their analytical skills to good use and find the magic bean that will promote them to chief bean counter for the day.

As per the last few years, Macquarie are consistently offering the most detailed analysis, whereas Morgans budget seems to be shrinking (less pretty logos etc).

The markets have been in turmoil the last month and the analysts are clearly aware of tail risk in

Fun for the Melbourne Cup. Each year, Macquarie and Morgans analysts are allowed to emerge from the bear pits with the hope of proving their worth and the promise of a possible promotion to the Wall St Poker tournaments.

Macquarie have offered the most detailed and consistent analysis with Morgans coming a close second. Previous newcomers PWC and BT Fixed Income team throwing in the towel after just a couple of years.

Macquarie’s champagne years had seemingly come to an end, but in true