Close
Leave Feedback
Welcome to the new btim.com.auTake a two minute tour to see what we've changed
Hi there! Welcome to the new look Pendal website... Take a two minute tour to see what we’ve changed.
Mainstream Online Web Portal
LoginInvestors can view their accounts online via a secure web portal. After registering, you can access your account balances, periodical statements, tax statements, transaction histories and distribution statements / details.
Advisers will also have access to view their clients’ accounts online via the secure web portal.
The Point
Quick, actionable insights for investors
Australian Equities
Crispin Murray: What’s driving the ASX this week?
Pendal identified five major themes this ASX reporting season.
1. Overall earnings were okay, with similar trends to February in terms of misses and beats. A third of companies beat by 5% or more and 22% missed.
2. Stock volatililty reached new highs on result days, driven by the tone of messaging and revisions. Almost a third of companies experienced stock moves more than three standard deviations away from their average on reporting day.
3. Rating changes were the most material driver of returns. The biggest re-ratings were generally stocks beginning to stabilise or those that affirmed their status as safe havens.
4. Disappointing large caps were hit harder than smalls. The average two-day relative return for industrial large caps that missed consensus EPS by more than 5% was -7.2% for the ASX 100, versus -3.8% for small caps.
5. Domestic stocks generally performed better than internationally-exposed companies.
Crispin Murray: What’s driving the ASX this week?
Quick view
Crispin Murray: What’s driving the ASX this week?
Here are the main factors driving the ASX this week, according to Pendal’s head of equities Crispin Murray.
- US rate expectations
- AI sentiment shift
- Tariffs
Crispin Murray: What’s driving the ASX this week?
Quick view
Crispin Murray: What’s driving the ASX this week?
Investors should be watching four macro issues at the moment, says Pendal’s head of equities Crispin Murray.
- US inflation trends and the impact of tariffs: “There is nothing in the current inflation data to derail a September rate cut,” says Crispin. Tariff revenues are beginning to flow through “and we are now in the key phase of assessing the impact on inflation”.
- US economic growth momentum: “Data suggests the industrial side of the economy is struggling but consumers are holding up okay.” Look to Fed chair Jay Powell’s Jackson Hole speech on Friday and payrolls on Sep 4.
- Chinese policy initiatives: Expect a softer second half for China, which may mean more incremental stimulus measures.
- Australian economic growth momentum: The Australian economic outlook looks reasonable but a tight labour market will encourage the RBA to remain measured.
Jim Taylor: What’s driving the ASX this week?
Quick view
Jim Taylor: What’s driving the ASX this week?
Anthony Moran: What’s driving Aussie equities this week?
Quick view
Anthony Moran: What’s driving Aussie equities this week?
Pendal: What’s driving Aussie equities this week?
Quick view
Pendal: What’s driving Aussie equities this week?
Pendal profile: Portfolio manager Brenton Saunders on the mid-cap ‘sweet spot’ in Australian shares
What’s driving ASX stocks this week?
Quick view
What’s driving ASX stocks this week?
Here are the main factors driving the ASX this week, according to Pendal portfolio manager PETE DAVIDSON. Reported by investment specialist Chris Adams.
Pendal profile: Meet Australian equities analyst and portfolio manager Elise McKay
Quick view
Pendal profile: Meet Australian equities analyst and portfolio manager Elise McKay
AUSTRALIAN equities have the potential to offer investors a compelling trio of benefits, argues analyst and portfolio manager Elise McKay.
In this video, Elise explains how the Pendal investment process helps her team identify and take advantage of opportunities in Australian shares.
Pendal profile: Meet our trusted Australian equities team
Quick view
Pendal profile: Meet our trusted Australian equities team
Pendal profile: Meet our head of equities Crispin Murray
Quick view
Pendal profile: Meet our head of equities Crispin Murray
Pendal profile: Meet our small-cap portfolio managers Lewis Edgley and Patrick Teodorowski
Quick view
Pendal profile: Meet our small-cap portfolio managers Lewis Edgley and Patrick Teodorowski
So far in 2025, the ASX Small Ordinaries Index has outperformed the ASX 200.
That dosen’t surprise Pendal’s small-cap PMs Lewis Edgley and Patrick Teodorowski, who expect smalls to bounce back as rates fall.
“We’ve seen in previous cycles when rates have started to be cut, that it tends to act as a positive catalyst for small caps,” says Patrick in a new Pendal video.
Patrick points to three diversification factors that experienced small-cap managers can use to their advantage:
1. The “sheer number of investable opportunities”, through which the team searches for mispriced opportunities
2. Wide sectoral breadth, which offers “money-making opportunities regardless of what the economy is doing”
3. And diversity of quality, which demands expertise and experience in finding the best businesses and avoiding the bad ones.
Watch the video here
Loading posts...
Loading posts...