Interest rate cuts and lower energy prices providing near term support for consumer The impact of lower interest rate cuts and energy (petrol) prices is having a positive impact on consumer spending in low to mid value discretionary spending. Virtually all consumer facing companies reported a strong acceleration in activity in the months of January […]
Rhett Kessler
Pengana sees a positive impact on consumer and business sentiment from stronger asset prices
SYDNEY Monday 11 November 2013 Highlights from Pengana Capital Australian equities fund manager Rhett Kessler Pengana continues to be vigilant against the onset of inflation and its negative impact on wealth creation several important factors are having a positive impact on consumer and business sentiment: certainty after a 9-month election period; stronger asset prices (in […]
Pengana was founded by Russel Pillemer and Malcolm Turnbull in 2003. Recognising the wide sense of investor frustration with the fixation of the funds management industry on short term index relative returns, Pengana was established with the goal of providing investors with strong long term absolute returns and reduced risk.