Investors 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.
This week Pendal’s head of income Amy Xie Patrick sat down with head of client solutions Dale Pereira to answer some common investor questions.
A common query is: when rates are higher, why not leave my money in a term deposit?
“For some investors, term-deposit returns on cash are enough,” says Amy. “They’re more than happy to take those returns after years of really slim pickings in this area.
“But the biggest frustration for many investors who chose term deposits over fixed income last year was missing out on the upside. Both bonds and equities outperformed term deposits in 2023.
“This year, locking in 5% term deposits might sound nice at first.
“But you would also be locking up your capital for a year.
“It makes it harder to move your money around when things change, which means you can’t deploy it quickly or easily to buy the dip if we get a decent correction in markets.”
There were no surprises on Tuesday with the cash rate left unchanged at 4.35%.
Though the RBA’s statement was more neutral than February, which prompted a rally in bond yields, notes Pendal’s head of cash strategies Steve Campbell.
Where to next?
“Inflation is falling in line with the RBA’s expectations,” says Steve. It’s expected to hit the 2-3% target zone next year and keep falling in 2026.
The RBA could ease policy before then if inflation is falling sustainably. Though services inflation remains elevated, moderating only gradually.
Any rate change is likely to come at the same time as economic forecasts in the RBA’s quarterly monetary policy statement, says Steve.
The RBA can use those forecasts to justify a change in monetary policy settings or tone.
Forecasts are due in May, August and November.
“Any change to the cash rate is not going to happen in the nearer term,” argues Steve.
“November is more likely than August for any policy easing at this stage.”
It can be hard to focus on the health of our investments knowing that many people are struggling for survival in war zones around the world.
Yet amid global geopolitical uncertainty, our responsibility to our family’s future remains.
In his latest article, Pendal’s head of multi asset Michael Blayney offers some tips for managing investments in times of global turmoil.
A few key points:
Asia does not have an equivalent to the US ‘Magnificent Seven’ tech stocks group.
But a select group of Taiwanese hardware manufacturers can stake claims as the unsung heroes of an AI-driven shift, argues J O Hambro PM Samir Mehta.
Semiconductor maker TSMC is one well known example. In his latest article Samir outlines another under-the-radar example – Taiwan’s Jentech Precision Industrial.
There is still a great deal of technical development needed in the manufacture of AI chips and servers, Samir says.
Samir describes Jentech Precision Industrial – which he holds in Pendal Asian Share Fund – as “a shovel-maker in Nvidia’s goldmine”.
To reduce the risk of relying on Nvidia’s AI chips, Samir believes other Magnificent Seven stocks could be potential customers for Taiwanese companies like Jentech.
“Many of these Taiwanese firms are the go-to partners of choice with very few alternatives when it comes to leading-edge technologies.”
April 19, 2024
July 26, 2023
Watch as Sam meets a mum rebuilding her life thanks to responsible investing.
Watch videoWe actively manage investments in Australian and international equities, Australian and international fixed interest, listed property and alternatives.
That’s what makes Pendal the company that really cares about what your money does – personally, locally and globally.