Report Date: 30 March 2015


Where are we in the Cycle?
There is no progress to report on the cyclical front as signs of weakening growth in the USA are not being offset by sufficient improvement in Europe or the developing economies.  Downside growth risks continue to lower the chance of a 2015 growth acceleration and delay commodity market rebalancing.    More...

Market Directions
Markets are losing the certainty of a Fed-led recovery resulting in more volatility - for bonds, oil, gold, exchange rates as well as equities - and some consequent loss of direction.       More...

Portfolio Performance and Positioning
Pure exploration is battling to attract support in the face of dwindling cash reserves and too few exploration successes to attract risk money - which is going in the direction of biotech globally. There were no changes to the portfolio recommendations.      More...

Stock Reviews and Rating Analysis  More...

To receive the PortfolioDirect/resources weekly investment report, register here.
DAILY BRIEFING: The PortfolioDirect market diary offers brief thoughts on current issues affecting sector investment strategies.

Although the statements of fact in this communication have been added from and are based upon sources E.I.M. Capital Managers Pty Ltd, the publisher, believes to be reliable, their accuracy is not guaranteed and any such information may be incomplete or condensed. 

All opinions and estimates in this communication constitute judgments by E.I.M. Capital Managers as of the date of this communication and are subject to change without notice.  The publisher is under no obligation to make public any change in view about any matter referred to in this or any linked documents.

No references to past investment performance should be taken to indicate anything about future performance.

This communication is directed only to Australian wholesale investors and licensed financial advisers for information purposes and is not intended as an offer or solicitation with respect to the purchase or sale of a security.
E.I.M. Capital Managers Pty Ltd
ABN 28 101 508 632
AFS Licence Number 261989