As climate stocks plunged on news Donald Trump will be president, Munro Partners’ Nick Griffin remained unflappable as its climate fund extended its rally.
The team behind the 100-year-old Whitefield Industrials has launched an IPO for its Australian equity income strategy despite a shrinking market for listed investment companies.
Rio’s takeover of Arcadium has unleashed a rally in the ASX’s junior lithium stocks, but the lagging performance of the major producers means they are expected to miss out on the next wave of deals.
A small crop of Australian producers are profiting from China’s huge demand for a key ingredient used for aluminium that is now suddenly in short supply.
Investors have delivered a cool assessment of whether China’s stimulus lives up to the hype, but brokers are refusing to give up on the easy money dream.
With fund managers’ allocation to commodities at a multi-year low, traders are weighing the chance to front-run a rebound, but that involves a big bet on China.
Commonwealth Bank warned the risk of $US80 iron ore is ‘not too far from current reality’ on the same day as Goldman cut its forecasts by 15 per cent. Brokers says that more producers need to cut output.