25/03/2026 09:39

Where is value (and resilience) in the MM Income Portfolio?

The Active Income Strategy continues to do what it’s designed to do, deliver high, consistent income with capital growth over time, while cushioning volatility when markets get tougher – as they are currently.

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10/03/2026 09:17

ANZ Group Ltd (ANZ) $36.78

ANZ has been a stellar performer over recent years, and although the last few days' drop has felt savage its well short of what we saw through late 2024, early 2025.  We continue to like the bank but can see a further test lower in the coming weeks.

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12/02/2026 09:48

ANZ Group Ltd (ANZ) $37.20

ANZ doesn’t report its half-year and pay its next dividend until May, but they delivered a solid 1Q trading update this morning as new CEO Nuno Matos continues to exert his influence on the bank:

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19/01/2026 09:48

Chart (s) of the Week – Westpac Banking Corp (WBC) & ANZ Group (ANZ)

Two charts this week illustrating that the “Big Four banks” are on track for new highs in the coming months - perhaps not CBA. Similar to gold we had the below chart for WBC in play throughout 2025 targeting new highs, a bullish read through for the ASX. Again we see no reason to deviate from this roadmap, especially as most US banks continue to shine.

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10/11/2025 16:46

ANZ Group (ANZ) $37.98

ANZ +3.21%: Despite a weaker-than-expected headline profit in today’s FY25 result, the positive reaction from the market showed the focus remains on the strategic reset laid out by new CEO Nuno Matos in mid-October. 

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14/10/2025 09:23

ANZ Group (ANZ) v Macquarie Group (MQG)

ANZ has also outperformed MQG over the last three months by ~23%, primarily because MQG hadn’t become as overpriced as CBA. However, we’ve been seeing more misses than beats from the “Silver Doughnut” in recent times, which is a new but unappealing trend.

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14/10/2025 09:22

ANZ Group (ANZ) v Commonwealth Bank (CBA)

CBA was driven higher by momentum traders into the EOFY, pushing it up to ~$190/sh, but ever since, it has peeled away, closing ~14% below this year's high on Monday.

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13/10/2025 17:06

ANZ Group (ANZ) $36.01

ANZ’s new CEO Nuno Matos drew a line in the sand at their strategy day today and delivered what we were expecting/hoping, with a clear blueprint to improve the bank’s returns after multiple years of underperformance – all about discipline, cost control and culture.

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09/10/2025 09:17

ANZ Group Ltd (ANZ) $34.37

The banks have helped drag the market out of the depths of despair in April with ANZ up over +20% year-to-date, plus it paid a juicy fully franked dividend along the way - surprisingly CBA is now the laggard, only up around 10% this year. The ASX’s 4th largest bank is still yielding 4.9%, mostly franked, and remains cheap relative to the “rich” sector.

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17/09/2025 09:29

ANZ Group (ANZ) $32.78

ANZ grabbed several headlines this week for the wrong reasons while they also hosted an investor call to provide more clarity on how they are addressing these challenges, and importantly, what the immediate focus is for the bank.

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