We view the potential for a systemic bank failure due to the coronavirus (COVID-19) economic shock as low. Today's banks are more resilient than in the past, given their robust capital positions and lower risk profile, not to mention supportive ... Read more

Australian investors are currently facing a conundrum when it comes to their asset allocation. With low rates and persistently low growth, finding reliable sources of return is becoming an increasingly difficult task. Read more

Markets have for some time now been largely ignoring fundamentals. This remains the case even as coronavirus (COVID-19) threatens a deep depression. In our opinion, not all market sectors will benefit equally from perpetual policy response. Read more

In finance textbooks, academics assume that investors act rationally when making investment decisions. However, in practice, investors are not fully rational. This is especially true during market crises such as the severe volatility and uncertainty ... Read more

A major challenge facing advisers in responding to coronavirus (COVID-19) news-flow is a lack of systematic research to guide decision- making after surprise geopolitical events, such as epidemics. Read more

Most investors appreciate the role of fixed income in a diversified portfolio> That is, steady income streams, lower volatility, and protection against falls in equity values during periods of market stress. However, by the end of January 2020, the ... Read more

Why do central banks and governments pursue unconventional monetary policies? Read more

This paper examines the key differences between traditional, actively managed funds (managed funds) and exchange-traded funds (ETFs), and highlights how these differences can affect investors. Read more

In this whitepaper, Peter Pontikis discusses what the next decade will look like in practical terms. Read more

This paper outlines the cyclical (six to 12 months) bearish outlook for assets within BCA Research's team. Read more