Faced with the greatest farm policy shake-up in 50 years, farmers have been frustrated in recent times by the lack of detail about what is to replace the
Inflationary landscape leaves much to consider By Jonathan Armitage 25 May 2021
I first mentioned the topic of inflation in 2020 and I am aware that raising the subject of inflation, in the middle of a pandemic that crunched economic activity, may have seemed a touch unusual. However, there’s now growing investment industry recognition that inflationary pressures are on the upswing and the world’s long holiday from destructive inflation, which dates to the 1980s, appears to be winding down.
This has important bond and sharemarket implications and thus for investors’ portfolios. Let me begin with the bond market.
Complicating assessments of how bond markets may behave should higher inflation emerge is the realisation that “price discovery” – the process by which market prices adjust in response to information changes – has been absent from the bond market for some time.
MLC AM nabs Clime CIO investordaily.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investordaily.com.au Daily Mail and Mail on Sunday newspapers.
Prior to this, he was at State Street Global Advisors where he held the roles of senior portfolio strategist – Asia Pacific, head of active Australian equities and senior portfolio manager.
Jonathan Armitage, MLC chief investment officer said: “We are pleased to welcome Anthony to MLC. He brings significant investment experience specifically in the areas of domestic and international equities and objective based strategy development and further strengthens this industry-leading team”.
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