Macrovue's Global Bank On It Portfolio

The Bank on it Vue is a concentrated portfolio of high conviction positions in ten stocks, researched and analysed by our investment team.

Macrovue’s Global Bank On It Portfolio’s Performance*

* Returns as of 31 August 2018. Past performance is not a reliable indicator of future performance. For full performance numbers and methodology, please click here.

Financials are a significant and important part of the global economy and capital markets. They account for 19% of total index market capitalisation of the MSCI All Country World Index.

Financials are a significant and important part of the global economy and capital markets. In the MSCI All Country World Index, financials account for 19% of total index market capitalisation.

Australian investors have long favoured the domestic banks in their share portfolios which has turned out to be a wise investment over the years. Aussie banks, insulated from real competition by the “four pillars” policy, have provided investors with solid returns for years.

However, underlying revenue growth for the major Australian banks has decelerated somewhat over the last few years, driven by moderating customer demand in a slowing economy, as well as increasing competition. It is likely that this trend will continue over the medium term as the effects of regulatory change impact key product markets as well as operating conditions.

Why invest in global banks

There are attractive investment opportunities out there in some of the largest and most dynamic banking institutions globally. Global banks are currently significantly cheaper than their Australian counterparts and have better growth potential over the medium term.

Global banks will likely benefit from rising interest rates and are positioned for better growth from an improving economic outlook. Global banks are also at a positive inflection point, and the group is expected to benefit significantly from positive earnings momentum, higher bond yields, still benign credit cycle, stronger capital bases and regulatory tailwinds.



Meet Macrovue's Investment Team

Clay Carter | Head of Investment Committee

Clay has 25+ years experience managing global equity portfolios. Most recently, he was Head of International Investments at Perennial Investment Partners. Previously, Clay managed investment portfolios at QBE, PM Capital, Legal and General Life of Australia, and AMP. He has developed alternative methods to traditional market analysis and portfolio management and regularly appears on CNBC Asia and Bloomberg TV.

Dev Sinha | Chief Investment Officer

Dev is the co-founder of Macrovue and leads the Equity Research and Product Development teams. He started his career as a quantitative analyst at Putnam Investments in Boston before moving to Singapore to join Bank of America Merrill Lynch. Dev has an MBA from The Fuqua School of Business, Duke University and an MS in Financial Engineering from Columbia University.

Dr. Sid Sahgal | COO

Sid brings almost 20 years of experience in finance and technology. He started his career at Honeywell Aerospace as a software engineer before moving to Bank of America Merrill Lynch in New York as a quantitative analyst. Before starting Macrovue, Sid was a lecturer at UNSW while completing his PhD in Finance. He also holds a Masters in Computational Finance from Carnegie Mellon University.