Smartkarma AI Primers, Smartkarma

αSK Primers

Smartkarma AI Primers

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Equity Bottom-Up

<ul>
 <li>HUB24 is a premier technology-driven investment and superannuation platform in Australia, rapidly gaining market share from legacy, bank-owned competitors.</li>
 <li>The company's growth is propelled by strong structural tailwinds, including the mandatory superannuation system, a growing pool of investable assets, and a 'platform monogamy' trend where financial advisers consolidate their clients' assets onto a single, superior platform.</li>
 <li>While valuation appears stretched on traditional metrics, continued high growth in Funds Under Administration (FUA), expanding margins through operational leverage, and strategic acquisitions position HUB24 for sustained earnings growth. Key risks include market volatility, intense competition from Netwealth, and potential fee compression.</li>
</ul>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.


  HUB24 is a premier technology-driven investment and superannuation platform in Australia, rapidly gaining market share from legacy, bank-owned competitors.
  The company's growth is propelled by strong structural tailwinds, including the mandatory superannuation system, a growing pool of investable assets, and a 'platform monogamy' trend where financial advisers consolidate their clients' assets onto a single, superior platform.
  While valuation appears stretched on traditional metrics, continued high growth in Funds Under Administration (FUA), expanding margins through operational leverage, and strategic acquisitions position HUB24 for sustained earnings growth. Key risks include market volatility, intense competition from Netwealth, and potential fee compression.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Derivatives and Quantitative Strategist

Gaudenz Schneider

<ul>
<li>
Context: This Insight follows up on previously highlighted relative value opportunities, using a statistical methodology based on mean-reversion to identify opportunities in paired securities.</li>
<li>
Highlight: Currently eight pair trade opportunities across three markets and four sectors persist.</li>
<li>
Why read: Statistical analysis offers a unique perspective on relative value. Gain insights into actionable statistical pair trade opportunities and monitor performance of previously highlighted pairs. </li>
</ul>



Context: This Insight follows up on previously highlighted relative value opportunities, using a statistical methodology based on mean-reversion to identify opportunities in paired securities.

Highlight: Currently eight pair trade opportunities across three markets and four sectors persist.

Why read: Statistical analysis offers a unique perspective on relative value. Gain insights into actionable statistical pair trade opportunities and monitor performance of previously highlighted pairs. 


Relative Value Opportunities in Asia-Pac, Pair Trade Roundup (25 Aug)

Financial News, Analysis and Data, FNArena

FNArena

Financial News, Analysis and Data

Online financial media company focused on Australian equities, with a global perspective

<ul><li>New Treasury consultation papers pose increasing regulatory risk for platform operators.</li><li> Advice fee changes threaten rollover flows Mandatory delays add friction to switching Hub24's Q3 update highlights resilient inflows Netwealth shares now discounted versus Hub24</li></ul>

New Treasury consultation papers pose increasing regulatory risk for platform operators. Advice fee changes threaten rollover flows Mandatory delays add friction to switching Hub24's Q3 update highlights resilient inflows Netwealth shares now discounted versus Hub24

Rising Regulatory Risk for Hub24 & Netwealth?

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass), with Int’l Compass reports all echoing this sentiment.</li>
<li>We will maintain our bullish intermediate-term view as long as market dynamics remain healthy and the SPX and ACWI-US are above 6028-6059 (up from 5700-5785) and $119-$121.</li>
<li>$128, $125-$126, and $123-$123.50 are short-term supports to watch on ACWI-US; we will maintain our near-term bullish outlook as long as $123 support holds.</li>
</ul>


We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass), with Int’l Compass reports all echoing this sentiment.
We will maintain our bullish intermediate-term view as long as market dynamics remain healthy and the SPX and ACWI-US are above 6028-6059 (up from 5700-5785) and $119-$121.
$128, $125-$126, and $123-$123.50 are short-term supports to watch on ACWI-US; we will maintain our near-term bullish outlook as long as $123 support holds.


Continue Adding Exposure to China; Short-Term Supports to for This ACWI-US Pullback

<ul>
<li>We discussed in last week's June 19 report how bullish price and RS trends on Israel's TA-125 was our tell that global equities were looking past Israel-Iran tensions.</li>
<li>Now completely in the rear-view mirror.  We also discussed how we were expecting short-term support on ACWI-US at $123-$123.50 (6.5-month base support), and ACWI-US bottomed at $123.20 on Monday.</li>
<li>As a result, we remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass).</li>
</ul>


We discussed in last week's June 19 report how bullish price and RS trends on Israel's TA-125 was our tell that global equities were looking past Israel-Iran tensions.
Now completely in the rear-view mirror.  We also discussed how we were expecting short-term support on ACWI-US at $123-$123.50 (6.5-month base support), and ACWI-US bottomed at $123.20 on Monday.
As a result, we remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass).


Downgrading Germany and Ireland; Global Technology Still Leading; Crucial Base Supports Holding

Australia

HUB24 Limited is a financial services company.  The Company focuses on the delivery of a platform which supports investors.  The platform is a next-generation service with state-of-the-art portfolio management, transaction, and reporting solutions for licensees, financial advisers, accountants, stockbrokers, and institutions.

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Hub24 Ltd (HUB AU)

Primer: Hub24 Ltd (HUB AU) - Aug 2026

HUB24 is a premier technology-driven investment and superannuation platform in Australia, rapidly gaining market share from legacy, bank-owned...

αSK Primers

Relative Value Opportunities in Asia-Pac, Pair Trade Roundup (25 Aug)

Quantitative analysis identifies eight pair trade opportunities across three markets and four sectors, offering unique insights into relative value.

Gaudenz Schneider

Rising Regulatory Risk for Hub24 & Netwealth?

New Treasury consultation papers pose increasing regulatory risk for platform operators. Advice fee changes threaten rollover flows Mandatory...

FNArena

Continue Adding Exposure to China; Short-Term Supports to for This ACWI-US Pullback

Continue Adding Exposure to China; $ACWI Short-Term Supports for this pullback: $128, $125-$126, and $123-$123.50. Pullbacks = buy opportunities,...

Vermilion Research

Downgrading Germany and Ireland; Global Technology Still Leading; Crucial Base Supports Holding

Downgrading Germany and Ireland; Global Technology Still Leading; Crucial Base Supports Holding on $ACWI ($123-123.50), $EEM ($46)

Vermilion Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Primer: Hub24 Ltd (HUB AU) - Aug 2026

HUB24 is a premier technology-driven investment and superannuation platform in Australia, rapidly gaining market share from legacy, bank-owned...

αSK Primers

Relative Value Opportunities in Asia-Pac, Pair Trade Roundup (25 Aug)

​Quantitative analysis identifies eight pair trade opportunities across three markets and four sectors, offering unique insights into relative value.

Gaudenz Schneider

Rising Regulatory Risk for Hub24 & Netwealth?

New Treasury consultation papers pose increasing regulatory risk for platform operators. Advice fee changes threaten rollover flows Mandatory...

FNArena

Continue Adding Exposure to China; Short-Term Supports to for This ACWI-US Pullback

Continue Adding Exposure to China; $ACWI Short-Term Supports for this pullback: $128, $125-$126, and $123-$123.50. Pullbacks = buy opportunities,...

Vermilion Research

Downgrading Germany and Ireland; Global Technology Still Leading; Crucial Base Supports Holding

Downgrading Germany and Ireland; Global Technology Still Leading; Crucial Base Supports Holding on $ACWI ($123-123.50), $EEM ($46)

Vermilion Research

Quantitative analysis identifies eight pair trade opportunities across three markets and four sectors, offering unique insights into relative value.