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
Mar 12
How AI concerns are impacting India | What GDP is saying about inflation and rates | How bonds can drive gender equality
Loading posts...
Latest updates from our fund managers
Australian Equities
Crispin Murray: Mispricing is opening up opportunities on the ASX
March 18, 2026
See all
Income and Fixed Interest
Tim Hext: What GDP is really saying about inflation and rates
March 4, 2026
See all
Emerging Markets
Emerging markets: Look past commodity exports to countries with strong domestic demand
July 26, 2023
See allSubscribe to The Point
Get regular insights on investing, market analysis and portfolio management from the experts at Perpetual Group.
Follow
The Point
These podcasts are for general information purposes only, should not be considered as a comprehensive statement on any matter and should not be relied upon as such. They have been prepared without taking into account any recipient’s personal objectives, financial situation or needs. Because of this, recipients should, before acting on the information, consider its appropriateness having regard to their or their clients’ individual objectives, financial situation and needs. The information is not to be regarded as a securities recommendation.
The information in these podcasts may contain material provided by third parties, is given in good faith and has been derived from sources believed to be accurate as at its issue date. While such material is published with necessary permission, and while all reasonable care has been taken to ensure that the information in this presentation is complete and correct, to the maximum extent permitted by law neither Pendal nor any company in the Pendal group accepts any responsibility or liability for the accuracy or completeness of this information.
Any projections contained in these podcasts are predictive and should not be relied upon when making an investment decision or recommendation. Whilst we have used every effort to ensure that the assumptions on which the projections are based are reasonable, the projections may be based on incorrect assumptions or may not take into account known or unknown risks and uncertainties. The actual results may differ materially from these projections.
Performance figures are calculated in accordance with the Financial Services Council (FSC) standards. Performance data (post-fee) assumes reinvestment of distributions and is calculated using exit prices, net of management costs. Performance data (pre-fee) is calculated by adding back management costs to the post-fee performance. Past performance is not a reliable indicator of future performance.
For more information, please call Customer Relations on 1300 346 821 8.00am to 6:00pm (Sydney time) or visit our website www.pendalgroup.com
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.
Crispin Murray: What’s driving the market this week?
Quick view
Crispin Murray: What’s driving the market this week?
Most people would be aware from last week’s per-capita recession headlines that Australia’s population growth is outstripping economic growth.
But population growth – especially immigration and temporary visas – is also supporting corporate earnings, says Pendal’s head of equities Crispin Murray.
“All up, we’re probably looking at about a 3 per cent rise in the population today versus a year ago.
“People are coming to Australia with money in their pockets, setting themselves up and getting accommodation – which is driving up rents.
“Part of the reason we’re seeing resilience in the top line of companies is because they’re basically driven by nominal GDP, not per capita GDP.”
Population growth is also offsetting the effects of the ‘mortgage cliff’ which forces households into higher, variable mortgage payments as low-rate fixed loans expire, Crispin says.
“With each company we met over reporting season, we talked about the issues facing them and if they were seeing consequences from this mortgage cliff. So far, the consequences are very limited.”
How the biggest election year in global history will affect emerging markets investors
Quick view
How the biggest election year in global history will affect emerging markets investors
The US election will take the spotlight in November, but emerging markets investors will need to keep tabs on dozens of other national polls this year.
“2024 has the highest concentration of elections, possibly in modern history,” says Paul Wimborne, a senior find manager in Pendal’s emerging markets team.
“There has already been presidential elections in Taiwan and later this year there will be elections in India, Indonesia, South Africa and Mexico.”
Those countries represent 40 per cent of the MSCI Emerging Markets Index by weight and 1.9 billion people.
Investors will need to consider the ramifications of elections with the potential to affect the global macro environment that matters so much to emerging equity markets.
These include Russia in March and the US in November.
While Israel is not schedule for an election, the emergency government formed after the Hamas attacks may not last throughout 2024.
Crispin Murray: What’s driving ASX stocks this week
Quick view
Crispin Murray: What’s driving ASX stocks this week
Most people would be aware from last week’s per-capita recession headlines that Australia’s population growth is outstripping economic growth.
But population growth – especially immigration and temporary visas – is also supporting corporate earnings, says Pendal’s head of equities Crispin Murray.
“All up, we’re probably looking at about a 3 per cent rise in the population today versus a year ago.
“People are coming to Australia with money in their pockets, setting themselves up and getting accommodation – which is driving up rents.
“Part of the reason we’re seeing resilience in the top line of companies is because they’re basically driven by nominal GDP, not per capita GDP.”
Population growth is also offsetting the effects of the ‘mortgage cliff’ which forces households into higher, variable mortgage payments as low-rate fixed loans expire, Crispin says.
“With each company we met over reporting season, we talked about the issues facing them and if they were seeing consequences from this mortgage cliff. So far, the consequences are very limited.”
Pendal’s Crispin Murray reviews the lessons from 2023 and outlook for 2024
Quick view
Pendal’s Crispin Murray reviews the lessons from 2023 and outlook for 2024
Most people would be aware from last week’s per-capita recession headlines that Australia’s population growth is outstripping economic growth.
But population growth – especially immigration and temporary visas – is also supporting corporate earnings, says Pendal’s head of equities Crispin Murray.
“All up, we’re probably looking at about a 3 per cent rise in the population today versus a year ago.
“People are coming to Australia with money in their pockets, setting themselves up and getting accommodation – which is driving up rents.
“Part of the reason we’re seeing resilience in the top line of companies is because they’re basically driven by nominal GDP, not per capita GDP.”
Population growth is also offsetting the effects of the ‘mortgage cliff’ which forces households into higher, variable mortgage payments as low-rate fixed loans expire, Crispin says.
“With each company we met over reporting season, we talked about the issues facing them and if they were seeing consequences from this mortgage cliff. So far, the consequences are very limited.”
Dec 13
Positioning for a hard landing | 2024 outlook for bonds, credit, cash | Caution on home bias | Opportunities among M&A deals
Aussie equities: Why it’s smart to take the long-term view on M&A deals
Quick view
Aussie equities: Why it’s smart to take the long-term view on M&A deals
Newspaper headlines have been full of merger and acquisition activity and associated capital raisings in recent months.
Chemist Warehouse-Sigma Healthcare. Brookfield-Origin. Newcrest-Newmont. Allkem-Livent. Woodside-Santos.
The activity is likely to continue in 2024, especially in the resources space.
Investors haven’t always been impressed with recent deals – but that doesn’t mean there isn’t opportunity, says Anthony Moran, an analyst with Pendal’s Aussie equities team.
“Markets tend to overreact, especially around M&A. That’s exacerbated at the moment with fears that the economic cycle is rolling over.
“Investors are concerned that companies are buying businesses that may have puffed up earnings or been trading on a cyclical peak.
“But if you can do the work on the acquired businesses and start to get an understanding and more informed perspective on the probability of the success of a deal, then a sell-off can be quite an attractive investment opportunity.”
Fixed income: Pendal’s 2024 outlook for bonds, credit and cash
Quick view
Fixed income: Pendal’s 2024 outlook for bonds, credit and cash
What lessons can fixed income investors take from 2023 into 2024?
Pendal’s head of income strategies Amy Xie Patrick sat down with fellow PMs George Bishay, Steve Campbell and Tim Hext to review the year.
We encourage you to read the full article, which covers the outlook for bonds, credit and cash. Some quotes:
Tim: “My framework for 2024 is for falling inflation and yields. Though I’ll be flexible since it likely won’t be a straight line down.”
George: “You can’t ignore the tail risks out there. I’ve kept to top-quality issuers, stayed in senior positions in capital structures and always had an eye on liquidity when adding risk this year.”
Steve: “I expect the cash rate to remain unchanged over 2024, though with bouts of volatility.”
Amy has the odds of a US recession at two-thirds in 2H 2024. “Consider rotating back into fixed income and cash – and look for good active management,” she says.
Loading posts...
Subscribe to The Point
Get regular insights on investing, market analysis and portfolio management from the experts at Perpetual Group.