Mugunthan Siva – Managing Director – India Avenue Investment Management

Westfield is a name all Australians know well. The company originated in 1959 and was floated in 1960 and now has operations in the US, UK and New Zealand as well as small operations in Europe and Latin America. In 2014 the Group split […]

International equity markets ended a two-week win streak after a Friday selloff saw major benchmarks end the week lower. In the US, the S&P 500, Dow Jones Industrial Average and NASDAQ all ended the week down more than 1%.

The pickup in volatility saw interest rates fall with the US 30-year government bond yield hitting a record low, trading […]

The volatile start to 2020 has continued in February as the ongoing uncertainty around the coronavirus outbreak continues to dominate the news. Despite the uncertainty, equity markets moved higher in mid-February, with indices in the US, New Zealand and Australia making new record highs. However, as concerns around the virus grew, equity prices retreated […]

“A bubble is just a bull market you’re not in” Eddy Elfenbein

Whilst funny, and to a certain extent true (Sydney housing anyone?), if the stockmarket recovers swiftly from the coronavirus induced swoon (if it doesn’t, this is a moot point), and keeps going at speed it went at last year some thought needs to turn […]

Welcome to Ind-Former,

This publication is to provide those interested in following the India growth story, through the lens of India Avenue’s Equity Fund, with a regular update of:

1. India Avenue performance relative to its peer funds and peer asset classes
2. India’s latest macroeconomics
3. Key points to note over the next month

Markets and our Fund

January 2020 produced a return of […]

February 6 2020 – Pete Morrissey

Recent media headlines featuring announcements of retail store closure are not fake news. The conclusions people are drawing from them, however, tend to oversimplify reality.

Before addressing the nine questions underlying these closures, and their impact on AREITs, let’s first examine the data:

1. Why are these stores closing?

Competition is driving most of the closures. The […]

1. What were the best and worst performing stocks under your coverage in 2019?

Pete Morrissey (PM), CEO Real Estate Securities

Among retail REITS, large format retail (LFR) landlord Aventus (ASX:AVN) returned 43%* for the year. Not only was it the best retail AREIT performer but the fourth best performing AREIT overall. AVN highlights […]

Here are the January fact sheets:

AMP Capital’s Investment Outlook 2020 event took place this month.  You can watch the full presentation and download the slide pack.