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This profile was last updated on 1/15/14  and contains information from public web pages and contributions from the ZoomInfo community.

Ms. Kate Howitt

Wrong Kate Howitt?
FIL Limited
Level 8, 167 Macquarie Street
Sydney, New South Wales 2000

Company Description: FIL Limited ("FIL") and its subsidiary companies serve the major markets of the world by providing investment products and services to individuals and institutional...   more

Employment History

48 Total References
Web References
The S&P/ASX 200 Accumulation Index ..., 1 June 2013 [cached]
The S&P/ASX 200 Accumulation Index rallied 8.1 per cent. However, the difficulty with understanding stock market performance lies in the fact that turning points in the market, whether peaks or troughs, do not happen on the back of news flow, says Fidelity portfolio manager Kate Howitt.
Howitt says that when you look back at when the market bottomed in 2009, it was not a case of the outlook being that much better or that the problems of the economy had been solved.
"In hindsight it had probably more to do with the fact that anyone who could have sold did so, and everyone who was holding either felt like they needed to be there, truly wanted to hold equities for the long-term, or had just lost so much that they did not want to crystallise those losses and decided it couldn't get that much worse," Howitt explains. "So when you have this technical flushing out of all the loose hands, then that is a pretty healthy base for a bull market to begin."
Howitt says one can look at the recent bottoming of the Australian market in two ways.
"You could say that Australian investors have been more bullish about the world economy and more excited by the [Reserve Bank of Australia] easing of the cash rate," she says.
Howitt suggests that it is either a result of changing demographics, with more retirees investing, while your speculative investors have been shaken out of the market.
"Or we're getting offshore investors and dividend funds that are coming in and buying. Or it's the hypothetical Mrs Watanabe, who is investing her cheap yen into high yielding assets," she says.
"What's happening now is that central banks are making truly safe assets unsafe investments from a valuation perspective," says Howitt. "US 10-year bonds and Netherlands 10-year bonds are the most expensive they have been in history. When you buy an asset at the most expensive it has been in recorded history, then that is not a safe asset."
Howitt says the discussion between an adviser and their clients becomes very simple when put in yield terms.
"You can put your money into a term deposit and get the cash rate plus a pretty skinny margin - maybe you'll get about 4 per cent," she says.
Howitt says that it is possible that the market will continue along the same yield-driven course and there could be a repeat of last year.
"That is the cynical view that sees the Australian and global economies continuing to have lacklustre outlooks because we are on the wrong end of a credit super cycle, which is a drag on growth, and added to this there are demographic headwinds," she says.
Yet there is a more benign view that monetary policy is pushing people along the risk curve, she adds.
"More fundamentally, the aim of monetary policy is to reignite growth in the real economy," Howitt says. "I don't think it is clear yet which way the global economy will go, but what is clear is that central bankers are pushing more money towards equity markets, and that's good for investors."
Howitt says that while she has a cynical view of global markets, she believes Australia has a more positive outlook.
And all of that creates space for business to do what it does best, which is to innovate and create value, Howitt adds.
Michelle Tate-Lovery, James Kenny, Duncan Knight, Kate Howitt, Australian equties, Belinda Allen, equities, Peter Green, shares
Latest News, 4 Sept 2012 [cached]
Kate Howitt, Portfolio Manager Australian equities, Fidelity
Kate Howitt, Portfolio ..., 1 June 2012 [cached]
Kate Howitt, Portfolio Manager Australian Equities- June 2012
Kate Howitt, Portolio Manager of Australian Equities at Fidelity Worldwide Investment - April 2012
Kate Howitt, Portfolio ... [cached]
Kate Howitt, Portfolio Manager of the Australian Opportunities Fund, shares her views with the Financial Review on the outlook for the Australian market, including where she sees pockets of strength. View Kate's webcast
Australian stocks tap into China's consumption boom
August 2012
More than a dozen companies are having a go, says Kate Howitt, Portfolio Manager of the Fidelity Australian Opportunities Fund.
Learning from the past
June 2012
Kate Howitt, Portfolio Manager of the Fidelity Australian Opportunities Fund, says learning from the way the previous downturn played out suggests what investors should do now.
Stock picking in a turbulent world
March 2011
Kate Howitt, Portfolio Manager in the Fidelity Australian equities investment team, discusses the recent euphoria surrounding small mining stocks and looks at where Fidelity is finding the best opportunities within the sector. View webcast
People matter in the world of equities
February 2011
A big difference between equities and other investments is that with equities people are influencing the performance of the assets of a business, says Kate Howitt, Portfolio Manager Australian Equities at Fidelity.
Raining on the parade is Kate ..., 24 Sept 2012 [cached]
Raining on the parade is Kate Howitt of FIL Investment Management, who in The Australian Financial Review has warned that October runs the risk of a crash.
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