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In this interview recorded in August 2010 Simon Cooper, Managing Director of Chancellor Hattersley Lloyd outlines our investment philosophy and discusses the expected length of the sharemarket recovery, the US reporting season and economic activity. Simon also shares Chancellor Hattersley Lloyd’s view on core stock holdings for portfolios and covers our investment thesis and recommendations  for QBE Insurance (QBE) and Macquarie Group (MQG).

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At Chancellor Hattersley Lloyd we believe that with a properly managed approach to investment an investment portfolio should deliver reliable capital appreciation and growth in dividend payments.  We believe that companies that can increase and sustain dividends by increasing profitability and free cash flow over time, will in the long run deliver a reasonable return on the capital invested.

A recent article published in the ‘Lex’ column of the Financial Times supports our investment philosophy and highlights the importance of dividend growth in selecting investments.

The article discusses the investment options available to everyman John Smith, a cautious and methodical investor, in times of extreme global uncertainty.

“Dividends from blue chip companies catch the eye… (because) during the very long term productive assets producing real cash flows are attractive.” And if the world economy enters another recessionary period “…there are worse businesses (for everyman John Smith to invest in) than making and selling the essentials for life.”

The article references research on the US sharemarket by Oppenheimer Asset Management. Oppenheimer’s research found that shares in the top fifth of S&P 500 stocks ranked by dividend growth rose on average 12.5% p.a., compared with 5.7% p.a. for the S&P 500 index. The article concludes that along with a solid balance sheet, regular growth in dividends is the key.

Read the full article as published by the Financial Times (Subscription required)

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In this interview recorded in July 2009 Simon Cooper, Managing Director of Chancellor Hattersley Lloyd explains his general philosophy towards investment and advises that a properly managed investment portfolio will seek growing dividend yield and a long term capital gain.

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The distribution of superannuation death benefits can sometimes become a complex and highly emotionally-charge issue.

This was illustrated in a recent decision by the Superannuation Complaints Tribunal that followed complaints about how a super fund intended to distribute super death benefits.

To read the full article by Vanguard Investments click here

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