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
Murray Ackman: Understanding carbon measures in fixed income
March 19, 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
Oct 20
The case for currency hedging | A ‘solution’ for stranded assets | A new kind of ESG engagement | EM countries weathering the storm
TIM HEXT: Mixed signals will remain into Christmas
After an extraordinary year, investors are hoping for clear air in 2023.
Will we get it?
Next year is when rate hikes fully kick in and the resilience of the real economy will be tested, says Pendal’s head of government bonds Tim Hext.
“Policy-makers are happy for the pain to continue until they see actual – not anticipated – inflation turns,” says Tim.
“Inflation is a lagging indicator – often by six to 12 months. But central banks view an inflation policy mistake as worse than a recession.
“Waiting for supply to solve the problem is proving too much. Demand destruction is required, even though it means people losing jobs and in some cases forced out of homes.”
That means clear air is unlikely until 2024 when a “normal” economy returns, says Tim.
Oct 13
An asset class snapshot | bond-buying in a hiking cycle | Signs to watch for a turning point | US earnings outlook
Sep 15
Why RBA will likely stay patient | What Albo’s emission targets mean for investors | What looks good in listed property | This year’s big ESG themes
TIM HEXT: Inflation will test Fed’s patience, but RBA has cards up its sleeve
Quick view
TIM HEXT: Inflation will test Fed’s patience, but RBA has cards up its sleeve
US rates are headed for 4% or more after inflation remained high in August.
But the RBA may have more patience, says Pendal’s Tim Hext.
“We still expect goods deflation in the months ahead,” says Tim, who manages our government bond strategies.
“But US wage growth is spreading inflation wider into services. Services inflation is now the battleground.
“As always, Australian bonds will follow the US. But the RBA seems prepared to show a bit more patience due to factors such as wages and our floating-rate mortgage market.
“The RBA remain on course for 3% cash rates by year end (either 2.85% or 3.1%).
“Credit and equity markets were hit by the high inflation numbers, but for now look to be range-trading rather than breaking down.”
Two big ESG themes we saw in ASX reporting season
Quick view
Two big ESG themes we saw in ASX reporting season
Energy security and workplace relations were among the biggest ESG themes in the recent ASX reporting season, says Pendal’s Rajinder Singh.
On the labour front, Rajinder says investors should take a look at a company’s agreements with workers.
“If you’ve got an agreement that’s due for renegotiation in the next 12 months versus one that was signed for five years, that could have a material impact on your forecast growth of your labour costs.”
For energy, security of supply is critical, says Rajinder.
“The other thing that matters for investors is understanding the capital expenditure required to address these issues.
“What’s the capital allocation to these initiatives? And is there an actual measurable benefit for the amount they are planning to spend?”
Sep 8
ASX earnings season talking points; Where to look for global tech; The case for Asian equities; Why EM investors should watch tourism
Loading posts...
Subscribe to The Point
Get regular insights on investing, market analysis and portfolio management from the experts at Perpetual Group.