Where’s IFL going?

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

Ask a question

The Latest Q&A

Question asked 21/01/2022

Where’s IFL going?

Have you got an update on Insignia, (still shows as IOOF in portfolio)? With all the recent acquisitions will there be a little more income but more integration costs whilst the market meanders resulting in steady as she goes. Do they typically get out to spruik there wears but now are quiet? Paul B

Answer

Hi There,

IFL has indeed changed its name and we will update on the site shortly. At this stage the markets clearly far from convinced that the financial services company is not a contracting space that will indeed continue to deliver average ROI at best. However at MM we believe the risk / reward favours a recovery in both IFL and AMP hence we are giving our position a little more room for now.

chart

IOOF (IFL)

LAST UPDATED 20/01/2022 17:29

Latest Reports

Weekend report 20/04/2024

Weekend Q&A: Volatility spiked on Friday after Israel launches strikes on Iran

The ASX200 endured a week to remember, closing down -2.8% on concerns that interest rates will remain “higher for longer” and increasing concerns that the Middle East tensions will deteriorate further after Israel retaliated against Iran following last week's drone attack. It's hard to imagine an amicable conclusion to the current problems in the Middle East, but we all hope it doesn't become another painful, prolonged affair like the Ukraine–Russia war, which has now entered its 26th month.

Afternoon report 19/04/2024

The Match Out: Middle East tensions see risk off for equities

Shares tracked pre-market futures lower early in our session before headlines of a further escalation in the Middle Eastern conflict caused another wave of selling took the market to 2 month lows. Energy found support with oil cracking $US90/bbl again which was also a concern for those positioned for inflation to roll off. Until midday, traders had no interest in taking risk in today’s session but the afternoon painted a different picture. The ASX closed well off the intraday lows with many sectors rallying more than 0.5% between midday and the end of trade. Despite the Friday afternoon fight, the local market had its worst week since September, falling -220pts / -2.83%.