Stockbroking and Equities Investing

Equities Investing

Investing In Businesses, Not Just Markets

Helping investors access Australian and international equity markets through disciplined research, active investment management and carefully selected investment opportunities.

Explore Our Investment Capabilities

Our equity capability provides access to Australian and international listed investments, enabling exposure to businesses operating across different economies and stages of growth.

Equities represent an important source of long-term capital growth, but they are most effective when considered alongside other asset classes as part of a broader investment strategy.

Different asset classes often respond differently to changing economic conditions, interest rate environments and market cycles. By combining investments with varying return characteristics and correlations, portfolios can be positioned to improve resilience across different market environments while accessing multiple sources of return.

At B. Moses Asset Management, equity investments are considered alongside fixed income, private credit and alternative investments through a disciplined portfolio construction process. Understanding how these asset classes interact is an important part of managing portfolio risk and identifying opportunities as market conditions evolve.

Accessing Equity Markets

Investment opportunities exist across a wide range of industries, sectors and global markets.

Our equity capability provides access to Australian and international listed investments, enabling exposure to businesses operating across different economies and stages of growth.

Our investment capability includes:

Australian Equities
International Equities
Exchange Traded Funds (ETFs)
Listed Investment Companies (LICs)
Listed Investment Trusts (LITs)
Sector-Based Investment Strategies
Income-Focused Equity Strategies
Growth-Focused Equity Strategies

Our Investment Approach

Successful equity investing requires more than identifying companies with rising share prices.

Our investment process focuses on understanding the underlying business, including its financial performance, competitive position, management quality, valuation, industry dynamics and future growth prospects.

By combining fundamental research with disciplined investment analysis, we seek to identify businesses capable of creating sustainable long-term value.

Active Investment Management

Financial markets continually evolve as economic conditions, industries and businesses change over time.

Our investment team actively monitors company performance, market developments, economic conditions and emerging investment opportunities, allowing investment decisions to reflect changing market conditions while remaining aligned with the broader investment strategy.

Exchange Traded Funds

Exchange Traded Funds (ETFs) provide an efficient way to access broad market indices, industries, investment themes and international markets.

Depending on the investment strategy, ETFs may be used alongside direct equity investments to provide efficient market exposure, enhance portfolio flexibility and access specific investment opportunities.

IPOS & Capital Markets

Through our capital markets capability, eligible investors may gain access to selected Initial Public Offerings (IPOs), placements and other primary market opportunities where appropriate.

Participation in these opportunities is assessed through the same disciplined investment process applied across all listed equity investments.

Understanding Equity Markets

Equity markets experience periods of growth and volatility as business performance, economic conditions and investor sentiment evolve.

Understanding these market dynamics forms an important part of our investment process. Through disciplined research, ongoing monitoring and active investment management, we seek to identify quality investment opportunities while managing investment risk over the long term.

Explore Investment Topics →

Understanding Equities or Investing in Business Ownership

Equities, commonly referred to as shares or stocks, represent an ownership interest in a company. When investors purchase shares, they become part owners of the business and may participate in its future growth through increases in share value and, where declared, dividend payments.

Unlike fixed income investments, which generally provide contractual interest payments, the value of equities is influenced by a company’s financial performance, growth prospects, industry conditions and broader economic factors. As businesses grow and generate profits, shareholders may benefit through capital appreciation and income distributions. Conversely, equity values may decline if business performance or market conditions deteriorate.

Equities have historically played an important role in long-term wealth creation by providing investors with exposure to business growth, innovation and economic expansion across a broad range of industries and markets.

Investing in Australian Listed Companies

Australian equities represent ownership in companies listed on the Australian Securities Exchange (ASX). When investors purchase shares, they become part owners of the company and may participate in its future growth through increases in share value and, where declared, dividend payments.

The Australian share market provides exposure to businesses operating across a broad range of industries, including financial services, healthcare, mining, technology, infrastructure, consumer goods and industrials. Each sector responds differently to economic conditions, creating a diverse range of investment opportunities throughout changing market cycles.

Investing in Australian equities allows investors to participate in the long-term growth of established businesses while providing access to income through dividends and the potential for capital appreciation.

International Equities – Accessing Global Investment Opportunities

Many of the world’s largest and most innovative companies are listed outside Australia.

International equities provide exposure to businesses operating across different countries, industries and economic environments, allowing investors to participate in global themes such as technology, healthcare innovation, renewable energy, advanced manufacturing and consumer markets.

By investing across multiple regions, investors gain access to opportunities that may not be available within the Australian market alone while broadening exposure to different economic growth drivers and business cycles.

Exchange Traded Funds (ETFs) – A Flexible Way to Access Investment Markets

Exchange Traded Funds (ETFs) are investment vehicles that trade on a securities exchange in the same way as ordinary shares.

Rather than investing in a single company, an ETF typically provides exposure to a basket of securities that may track a market index, industry sector, geographic region or investment theme. This allows investors to gain diversified market exposure through a single listed investment.

ETFs are commonly used to access Australian and international share markets, sector-specific investments and broad market indices while offering transparency, liquidity and ease of trading.

Understanding Listed Investment Structures

The Australian market offers a range of listed investment vehicles that provide professionally managed exposure to financial markets.

Common examples include:

Listed Investment Companies (LICs) – Companies listed on the ASX that invest in a portfolio of assets on behalf of shareholders.
Listed Investment Trusts (LITs) – Trust structures listed on the ASX that provide investors with access to professionally managed investment portfolios.
Exchange Traded Funds (ETFs) – Listed funds designed to track an index, sector or investment strategy.

Each investment vehicle has different characteristics relating to management style, income distribution, pricing and investment objectives. Understanding these differences assists investors in selecting investments that best suit their circumstances.

IPOs & Capital Markets. Investing in Newly Listed Companies

An Initial Public Offering (IPO) is the process through which a private company becomes publicly listed by offering shares to investors for the first time. Companies may also raise additional capital through placements, rights issues or other capital raising initiatives after listing.

These opportunities allow investors to participate in businesses at different stages of their growth journey. As with any equity investment, careful consideration should be given to the company’s business model, financial position, valuation, competitive environment and long-term prospects before investing.

Understanding How Australian Equity Markets Operate

Investing in Australian listed companies also involves understanding how securities are traded, settled and administered.

Key concepts include:

CHESS Sponsorship – The ASX settlement system used to record ownership of CHESS-sponsored securities and facilitate settlement of listed transactions.

Holder Identification Number (HIN) – A unique identifier allocated to investors whose holdings are sponsored through CHESS.

Settlement – The process through which ownership of securities and payment are exchanged following a trade. ASX-listed trades are generally settled on a T+2 basis.

Share Registries – Independent organisations responsible for maintaining shareholder records, administering dividends, facilitating corporate actions and communicating with investors.

Understanding these processes helps investors navigate Australian equity markets with greater confidence.

Understanding Listed Derivative Investments

Options and warrants are listed financial instruments that provide investors with exposure to the price movements of an underlying asset, such as shares or market indices, without directly owning the underlying investment.

These instruments are commonly used by experienced investors to manage investment risk, generate additional income or gain leveraged market exposure. Because they involve additional complexity and may expose investors to higher levels of risk, they are generally considered more sophisticated investment products than ordinary shares.

A sound understanding of how these instruments operate, together with the associated risks, is important before incorporating them into an investment strategy.

Options – Managing Risk & Investment Opportunities

An option is a financial contract that gives the holder the right, but not the obligation, to buy or sell an underlying asset at a predetermined price on or before a specified date.

Options are commonly used by investors for a range of purposes, including:

Managing portfolio risk through hedging strategies.
Generating additional income through covered option strategies.
Seeking leveraged exposure to anticipated market movements.
Implementing more advanced investment strategies.

Because options have defined expiry dates and their value is influenced by several factors, including the price of the underlying asset, market volatility and time remaining until expiry, they require careful consideration and an understanding of the associated risks.

Options – Managing Risk & Investment Opportunities

An option is a financial contract that gives the holder the right, but not the obligation, to buy or sell an underlying asset at a predetermined price on or before a specified date.

Options are commonly used by investors for a range of purposes, including:

Managing portfolio risk through hedging strategies.
Generating additional income through covered option strategies.
Seeking leveraged exposure to anticipated market movements.
Implementing more advanced investment strategies.

Warrants – Leveraged Access to Listed Investments

Warrants are exchange-traded investment instruments that provide investors with exposure to an underlying asset, such as shares, indices, currencies or commodities.

Depending on the structure, warrants may provide:

Leveraged exposure to market movements.
Capital protection features.
Income-enhancing strategies.
Exposure to a broad range of underlying assets.

Unlike ordinary shares, warrants have predetermined terms, including an expiry date and specific exercise conditions. Their value may be influenced by the price of the underlying asset, interest rates, market volatility and the remaining term to expiry.

As a result, warrants are generally regarded as investment products suited to investors who understand their structure and associated risks.

Every Investment Carries Risk

While equities offer the potential for long-term capital growth and dividend income, they are also subject to market fluctuations.

Share prices may be influenced by:

Company performance
Industry developments
Economic conditions
Interest rate movements
Inflation
Political and regulatory change
Global market sentiment

Understanding these factors helps investors appreciate both the opportunities and risks associated with investing in listed companies.