Market Commentary

Australia’s credit market continues to experience increased interest and thus demand for assets, pushing listed credit asset yields lower, which has flowed through to private or unlisted [...]

Manning invests in a range of asset-backed portfolios which we quantitatively and qualitatively assess to determine their resilience and overall credit quality. Central to the Fund’s strategy is [...]

As we take a broader look at Australia’s current economic position, we recognise some typical signs of a contractionary phase, such as a softening labour market, higher interest rates, and [...]

Examining the Australian economy, the case for the RBA cash rate falling in the near term remains overstated. In early 2024, we outlined two-way risk for the RBA cash rate (a chance it may rise [...]

The growing prevalence of credit or private credit within investor portfolios has materially contributed towards a better understanding of the asset class. As mentioned in our prior month’s [...]

The Fund delivered +0.79% in May, 9.56% over 12 months and 6.94% annualised since inception (April 2016), continuing to deliver over 5% net return above the RBA cash rate. In our eight years, [...]

The Fund delivered +0.86% in April, 9.57% over 12 months and 6.91% annualised since inception (April 2016), continuing to deliver over 5% net return above the RBA cash rate. We are pleased to [...]

The Fund delivered +0.74% in March, 9.49% over 12 months and 6.87% annualised since inception (April 2016), continuing to deliver over 5% net return above the RBA cash rate.   Past [...]

The Fund delivered +0.70% in February, 9.51% over 12 months and 6.84% annualised since inception (April 2016), continuing to deliver over 5% net return above the RBA cash rate. The Fund carried a [...]

As we move through Q1 of 2024, many of our clients are eager to understand our views on what this year may hold for the Fund and how we are positioning the portfolio. Foundationally, one needs to [...]

The Fund delivered +0.80% in December, 9.43% over 12 months and 6.79% annualised since inception (April 2016), continuing to deliver over 5% net return above the RBA cash rate. There are several [...]

The Fund delivered +0.72% in November, 9.35% over 12 months and 6.75% annualised since inception (April 2016), continuing to deliver over 5% net return above the RBA cash rate. In December 2022, [...]

The Fund delivered +0.77% in October, 9.34% over 12 months and 6.73% annualised since inception (April 2016), continuing to deliver over 5% net return above the RBA cash rate.   We are [...]

The Fund delivered +0.76% in September, 9.26% over 12 months and 6.70% annualised since inception, continuing to deliver over 5% net return above the RBA cash rate. We are continuing the theme of [...]

The Fund delivered +0.75% in August, 9.10% over 12 months and 6.67% annualised since inception, continuing to deliver over 5% net return above the RBA cash rate.   Since May 2022 when the [...]

The Fund delivered +0.78% in July, 8.97% over 12 months and 6.64% annualised since inception, continuing to deliver over 5% net return above the RBA cash rate. With the rise of interest in fixed [...]

The Fund delivered +0.72% in June, 8.88% over 12 months and 6.60% annualised since inception, continuing to deliver over 5% net return above the RBA cash rate.   The Fund delivered 0.72% in [...]

The Fund delivered +0.79% in May, 8.70% over 12 months and 6.57% annualised since inception, continuing to deliver over 5% net return above the RBA cash rate. As the RBA continues to move the [...]

The Fund delivered +0.79% in April, 8.41% over 12 months and 6.53% annualised since inception. Across our three Funds, we participate in numerous transactions where the underlying borrowers [...]

The Fund delivered +0.75% in March, 8.09% over 12 months and 6.49% annualised since inception. We are pleased to report the Fund’s portfolio of assets continues to perform strongly, and we [...]

The Fund delivered +0.67 in February (noting February being a shorter month and therefore returns were marginally softer), 7.76% over 12 months and 6.46% annualised since inception. We are [...]

The Fund delivered +0.74% in January, 7.45% over 12 months and 6.43% annualised since inception. A key feature of the Manning Monthly Income Fund is its flexibility to move in and out of [...]

The Fund delivered +0.72% in December, 7.15% over 12 months and 6.40% annualised since inception. There are several Fund features that investors like to discuss, namely the significant number of [...]

The Fund delivered +0.71% in November, 6.91% over 12 months and 6.37% annualised since inception. Fund investors shall welcome the higher RBA cash rate increasing the Funds targeted return to [...]

The Fund delivered +0.69% in October, 6.64% over 12 months and 6.33% annualised since inception. We are pleased to report the Fund’s portfolio of assets continues to perform strongly, and [...]

The Fund delivered +0.61% in September, 6.53% over 12 months, as Fund returns continue to lift alongside a higher RBA cash rate as anticipated. At the same time, key risk measures across the Fund [...]

The Fund delivered +0.63% in August, 6.39% over 12 months and 6.29% annualised since inception. We are frequently asked about our views on the RBA cash rate and its likely trajectory, given its [...]

The Fund delivered +0.70% in July, 6.29% over 12 months and 6.27% annualised since inception. The particularly strong return was attributable the higher RBA cash rate and associated interest [...]

The Fund delivered +0.55% in June, 6.15% over 12 months and 6.23% annualised since inception. As we welcome a new financial year and reflect on the past, we are reminded of how quickly financial [...]