Quay Global Investors

Since the GFC, most western economies have relied on central bank policy to manage both inflation and employment. As we've said before, we believe when it comes to economic growth, central bankers and markets generally overestimate the impact of monetary policy, as evidenced by the anaemic recovery from the 2008-2009 crisis, despite a zero interest rate policy and quantitative easing. But now it’s a different battle. Today’s battle is not about lack of growth, but too much inflation. Are central banks effective in this fight? Find out in our latest article 👇

In our latest Portfolio Construction Podcast, Paul O'Connor, Head of Strategy and Development at Netwealth, sits down with Chris Bedingfield, Principal & Portfolio Manager at Quay Global Investors. Chris shares his expertise on how investing in real estate below replacement cost can provide downside protection and potential upside. Together they explore the resilience of the US economy, the impact of interest rates on global property markets, and emerging investment themes such as self-storage, senior housing, and residential real estate. Tune in to understand the strategic differences between global and local REITs and how global real estate can enhance your diversified portfolio. Listen now on Apple Podcast, Spotify and YouTube music. https://lnkd.in/gxUttB_V #realestate #investment #podcast #globalmarkets

“There are times when it’s risky to buy residential. That’s when housing starts are booming and supply is surging and that’s not the environment we’re in now,” Chris Bedingfield in Livewire Markets' article today.

Rents have surged in the years post-Covid as the population boomed. As we've said before, the demand/supply of housing and changes in replacement cost are the long-term key drivers for residential property, not interest rates. Unfortunately, there are no pure listed residential rental REITs in Australia to take advantage of the significant local demand and supply mismatch. However, there are opportunities in countries that are seeing similar dynamics play out. We believe one such country is in Canada, as we write in this month's article.

We're proud to share that the Quay Global Real Estate Fund won the International Listed Property award at last night's Financial Standard Investment Leadership Awards. Congratulations to the team, as well as all the award nominees and winners of the evening.

If there was one dominant real estate investment theme this past year, it’s data centres. The lure of gaining exposure to the mega-themed Artificial Intelligence (AI) boom via the stability of real estate has attracted operators and investors alike. But is this theme real or hype? In our 100th edition of Investment Perspective, we delve into a series of charts as we explore the world of the data centre asset class, illustrating how the theme of AI can be invested in through listed real estate.

Are Aussie interest rates heading for zero? In February 2015, we published an Investment Perspectives article on why we believed Australian interest rates would approach 0%. Our argument was simple: without the benefit of ongoing government fiscal support, the private sector was required to borrow to sustain economic growth. The incremental borrowings added to the stock of household debt, requiring ever-decreasing interest rates to sustain the appetite for more credit. As the dust settles in a post-pandemic and normalising inflation world, we see a similar pattern emerging in Australia again 👇 #interestrates #investing

Price to net asset value is a common valuation metric for real estate investing. But, is it a good predictor for REIT returns? #realestateinvesting #investments #realestate

Principal & Portfolio Manager, Justin Blaess, featured in The Australian Financial Review's Fundie Q&A today 👇

In the aftermath of a volatile macroeconomic year, our latest Investment Perspectives article explores the global real estate outlook for 2024, highlighting some interesting themes across senior housing, retail, industrial, Japan and data centres.