What do Australia’s top women portfolio managers | Australian Markets

Forward of Worldwide Girls’s Day, Morningstar Supervisor Analysis Australia has collected the knowledgeable views of a number of girls portfolio managers and what alternatives they’ve their eye on for the 12 months forward.

Eva Prepare dinner, Senior Principal of Supervisor Analysis at Morningstar Australia, spoke to 4 portfolio managers working with each retail and institutional purchasers throughout sectors together with non-public markets, fixed income, Australian equities and world equities.

Sandra Lee – Head of Non-public Markets, UniSuper

“The world of investment management embodies these characteristics, [where no two days are the same, where each day is dynamic and ever-evolving and presents new challenges and opportunities that demand a fresh perspective and new ideas], and more. In private markets and infrastructure investing, we are fortunate to work across a broad range of assets, high calibre investors, and thought leaders around the world,” Lee mentioned.

Lee instructed cook that she additionally actively takes on alternatives and finds it “incredibly rewarding” when she will be able to lead, information and mentor others. She instructed Morningstar that she can also be a sturdy advocate for “diversity of thoughts in the workplace” as a consequence of its big selection of advantages.

“The greatest satisfaction I derive from my work is to be able to play a small role in creating value and helping our members grow and protect their wealth. The sense of fulfilment and pride is sometimes immeasurable when you see the very people you’ve had an influence over go on to build highly successful careers and businesses,” she mentioned.

“When it comes to investment decision-making, we need to have people who bring varying viewpoints, operate differently, and challenge groupthink. I have seen firsthand through my own team dynamics how a truly diverse group of talented individuals can enhance our overall culture and performance.”

Lee expects 2025 to be dominated by “compelling opportunities driven by key global thematics such as digitalization, decarbonization, and demographics”.

“We will be closely monitoring certain sectors that have experienced a crowded trade offering less relative value currently and are circumspect of industries with a strong connection to potential market or political interference,” she mentioned.

Daybreak Kanelleas – Head of Australian Small and Mid-Cap Corporations, First Sentier Traders

Kanelleas instructed Prepare dinner that she was first drawn to portfolio management as a consequence of its many relations to scientific analysis and matched along with her problem-solving expertise and tendency to “question data to establish facts”.

“Diversity of thought is important because it tests conviction and helps to mostly reach the right answer just as it does in science,” Kanelleas mentioned.

“Our long-term investments in Domain Group and Insignia, for example, recently realized significant value via corporate activity. While we believe many years of building conviction and understanding the underlying value of these companies played out in the last few months, we cannot predict the timing or the realization of this value.”

“The investment universe comprises many single-industry companies that need capital to grow. A lot can go wrong in this segment of the market, and many do not succeed. Dawn’s team seeks to invest in companies that have excellent compound growth prospects but recognizes that these opportunities are not ubiquitous in our investment universe,” Prepare dinner mentioned.

“Along with figuring out high quality growth corporations with sturdy aggressive benefits, they search for corporations with predictable earnings and the power to generate sturdy money move via cycles because of the privileged nature of their belongings. This preserves capital via financial cycles:

“Capricorn Metals—Australia’s lowest-cost gold producer was added to the small-cap strategy and mid-cap strategy in 2019. Following the profitable development of the Karlawinda Gold Challenge led by Government Chairman Mark Clark, the gold producer is on observe to double its output with a greenfield mine in development at Mt Gibson. Mark is well-known to the workforce from earlier portfolio corporations and
has a observe file growing mining corporations at Equigold and Regis Assets. It sits on the smaller finish of the ASX 200.

“Technology One—Lying just outside the ASX 50, Technology One is an enterprise resource planning software company the team has held for more than a decade. It has delivered high levels of recurring revenue from its market leadership position in the government and education sectors in Australia and New Zealand and is growing its presence further in the UK and investing in research and development to maintain its edge. Technology One has a strong rate of compound earnings growth and has not raised capital in the team’s time of ownership.”

Emma Lawson – Mounted-Revenue Strategist, Janus Henderson

Based on Prepare dinner, Lawson has labored to gain “a good understanding of real-world outcomes” as she believes it helps to help people in reaching their financial targets.

“2025 is shaping up as yet another interesting year for markets, with the RBA easing cycle coinciding with global market volatility,” Lawson mentioned.

“There are opportunities in active credit positions, particularly in REITs, semi government bonds are providing attractive yields, while we will be patient with duration bond positions, taking advantage of any pronounced volatility.”

Lawson instructed Prepare dinner that “some risks are partially priced into markets already, like an expansion of fiscal policy curtailing the RBA easing. The difficult ones to price, such as the US debt situation—given the US’ role as the global safe haven—or broad geopolitical risk bear close monitoring. These present unique opportunities if they begin to be priced into cautious markets”.

Vihari Ross – Portfolio Supervisor, Antipodes

“It is an always interesting role that combines what is happening in the world, analysing what the future might look like, and then backing the judgments you form,” Ross instructed Prepare dinner.

“Range (and never solely on the idea of gender however every kind) results in an unearthing of distinctive views and offers groups a higher probability of understanding an investment case and its potential dangers, thereby growing the groups’ consistency and success.

“In relation to world equities, we’re reticent concerning the index degree, the place market focus has turn into excessive; nonetheless, we’re optimistic in regards to the breadth of worth alternative current within the market on the identical time, notably exterior the US mega-caps.

“We see a potential for a broadening out in the stocks participating in market performance in 2025. We continue to monitor the risks of market narrowness, geopolitics, the level of inflation, and the interest rate and credit cycle.”

Based on Morningstar, Ross’ workforce sees sturdy potential in two explicit shares:

“Capital One (NYSE: COF): Buying and selling at simply 7 occasions earnings, Capital One is a widespread North American lender that’s reaching cut-through in opposition to its bigger US opponents with its own line of loans and credit card merchandise. The stock may additionally benefit from US President Donald Trump’s dedication to deregulating financial companies.

“JD.com (NASDAQ: JD): Trading at 8 times earnings, the Chinese e-commerce giant offers compelling value relative to its growth potential, especially compared with US alternatives like Amazon.com. The company would also be a key beneficiary of stimulus measures designed to boost China’s domestic consumption.”