POWERED BY MOMENTUM MEDIA
Oh the humanity
Rollover has read lots of interesting lines from fund manager commentators, but rarely has witnessed one of them conjuring up that ill-fated Zeppelin, the Hindenburg, to drive home a point.
So he tips his cap to Schroders senior portfolio manager, Australian Smaller Companies, Matthew Booker, who exampled the explosive and somewhat unexpected demise of the Hindenburg as validation of "avoiding losers rather than picking winners".
Rollover was so impressed by Booker's analysis, that he feels Super Review's readers should be allowed to share: "the moral of the story here is that our mantra of avoiding losers (rather than picking winners) is appealing given the high dispersion of returns exhibited by index constituents, invariably though companies we believe are essentially safe (full of inert helium) can on the rare occasion be chock full of combustible hydrogen. We found this out in October when one of our smaller positions, a mining contractor ("Oh the humanity!") suffered a similar fate to the Hindenburg.
Hot air, you ask? Very likely.
AUTHOR
The Rollover
Rollover is a jaded hack who joined the staff of Super Review nearly two decades’ ago and never managed to summon the energy to leave. Known throughout the superannuation industry as a power-luncher and gossip, Rollover spends his time humouring fund managers, eavesdropping at conferences, dozing through briefings and looking for his next free meal.
Recommended for you
With rainy weather abound in Sydney, Rollover was sat in front of his TV watching the smorgasbord of niche documentaries free-to-air has to offer.
As a history buff, Rollover is well-aware of the importance of the role the vanguard plays in a military force, as the leader at the front of battle.
Now that crypto investing is mainstream, with Rest Super announcing it will put a portion of its funds into it, Rollover wonders whether his grandkids will think he is hip when he shows them his crypto balance in his new digital wallet.
Rollover is almost as fascinated by superannuation fund mergers as the deputy chair of the Australian Prudential Regulation Authority (APRA), Helen Rowell.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom 465 Calder Road Calder
99.46 3 y p.a(%)
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
78.55 3 y p.a(%)
4
BetaShares Crypto Innovators ETF
50.39 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
47.50 3 y p.a(%)
