Best Cooling Fans To Help Beat The Heat in 2023
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Best Cooling Fans To Help Beat The Heat in 2023

By Robyn Willis
Mon, Nov 14, 2022 10:10amGrey Clock 5 min

The weather is heating up and you’re looking at ways to keep your cool. Whether you’re renting or you own your home, fans are not only an effective way to feel more comfortable in the heat, they’re more cost and energy efficient too. While a ceiling fan costs about 2c an hour to run, aircon costs between $1.49 and $1.94 per hour – a significant saving when cost of living pressures are on the rise.

The kind of fan you choose will depend on the size of the room you hope to cool, whether you rent or own and how much you have to spend. Where possible, ask for a demonstration of the fan and its features, taking note of aspects like noise and the speed at which the air is moving. You might also take note of details like lights, which can be annoying if you’re running the fan while you sleep.

 

1. The Dyson Pure Cool Tower Fan, $599

Dyson Pure Cool Tower Fan WhiteSilver

This stylish looking device is a cooling fan and air purifier in one, with Air Multiplier™ technology and HEPA filter to provide a steady stream of cool, purified air. It also has an oscillation feature to help you send the air wherever you want it to go. The bladeless design also means it’s a safe option around small children and pets.

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2. AirDynamic 3D™ Connect Air Circulator, $299

the AirDynamic 3D™ Connect Air Circulator

This compact pedestal fan stands just 36cm high and has been described as ‘small but mighty’ in reviews. With nine blades and eight speeds, it is Amazon Alexa and Google Home compatible, allowing users to control it via voice or their phone. It has automatic vertical and horizontal circulation for an even distribution of air.

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3. Dimplex 50cm high velocity wall fan matte, $249

Dimplex 50cm High Velocity Wall Fan - Matte Black

 

No room? No problem. This three-blade wall fan from Dimplex can be mounted wherever you need it for directional cooling air. It has three speeds and oscillation for even distribution of air and comes with a remote for ease of use.

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4. DeLonghi Dual Oscillating Tower Fan, $199DeLonghi Dual Oscillating Tower Fan White DETF122WH

There’s a reason that this fan is a best seller. Standing almost a metre tall, it has three speeds and three wind modes and has an LED display that dims automatically after a minute – ideal when you’re trying to sleep. It has dual 360 degree oscillation and can be set to one, two, four or eight hour settings if desired.

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5. Omega Altise Tower Fan, $119

Omega Altise 120cm Tower Fan OT120B

The slimline good looks of this tower fan make it a great choice where space is at a premium. Standing 120cm high, it has three speeds, a 12-hour timer and wide angle oscillation. The display goes dark once set and the unit runs quietly, making it ideal for bedrooms. At 4kg in weight, it’s not much drama to move around if necessary.

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6. Heller Metal Desk Fan, $69.95

 

The appeal of this desk fan is largely based on its cool retro looks, but it does all the things you want from a fan – it oscillates, has three blades and has an adjustable tilt. It’s available in silver but we like the gorgeous glow of the copper finish.

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7. Breville the PopFan Foldable and Rechargeable, $79.The PopFan™ Foldable Rechargeable Fan

 

You’ll wonder how you managed without this compact, handy fan that can store up to 15 hours running time on low speed, or four hours on high speed. As the name suggests, this fan pops up when required offering 360 degree air delivery and four speeds. When you’re done, it packs away for easy storage. Rechargeable via a USB port, it’s a super convenient option for cooling down.

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8. Fenici Pedestal Fan 40cm, $35

Fenici Pedestal Fan 40cm - Black

 

If everyone at your place is suffering through hot summer nights, this is the fan for you. At this price, you can buy one for every bedroom to create enough air flow to keep everyone comfortable as they sleep. The no frills option, it still has five powerful blades, three speeds, oscillation and can be adjusted up to 120cm high. It’s also stylish enough to have around the house without creating clutter.

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How can I make my room cooler without AC?

For the best results, take action before the room heats up. That means closing windows and drawing blinds to stop the summer heat coming in. Appliances can also add to how hot a room feels, so turn off anything you’re not using. Cooling fans, whether they are ceiling, floor or desk lamps, will move warm air on and replace it with cooler air.

Is it better to sleep with AC or fan?

Whether it’s better for you to sleep with the fan or the AC on will depend on a few factors. AC certainly costs significantly more to run than AC, so if money is a concern, a fan can be a better option. AC costs more to run the cooler you want to go, so running the fan with the AC can create the best of both worlds. AC can also remove some of the moisture in the air. Depending on where you live, and the levels of humidity, that could be a benefit or a problem.

Do cooling fans actually work?

Fans work by moving air around. They make people feel cooler by cooling the sweat on their skin and moving warm air on. An AC unit, on the other hand, reduces the air temperature in the room. Fans can be extremely effective during heatwaves and in areas with high humidity, as they reduce the moisture in the air, effectively making spaces feel cooler.

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Equities are often seen as expensive after promising start to 2023

By CAITLIN MCCABE
Mon, Jan 30, 2023 7 min

A new trading year kicked off just weeks ago. Already it bears little resemblance to the carnage of 2022.

After languishing throughout last year, growth stocks have zoomed higher. Tesla Inc. and Nvidia Corp., for example, have jumped more than 30%. The outlook for bonds is brightening after a historic rout. Even bitcoin has rallied, despite ongoing effects from the collapse of the crypto exchange FTX.

The rebound has been driven by renewed optimism about the global economic outlook. Investors have embraced signs that inflation has peaked in the U.S. and abroad. Many are hoping that next week the Federal Reserve will slow its pace of interest-rate increases yet again. China’s lifting of Covid-19 restrictions pleasantly surprised many traders who have welcomed the move as a sign that more growth is ahead.

Still, risks loom large. Many investors aren’t convinced that the rebound is sustainable. Some are worried about stretched stock valuations, or whether corporate earnings will face more pain down the road. Others are fretting that markets aren’t fully pricing in the possibility of a recession, or what might happen if the Fed continues to fight inflation longer than currently anticipated.

We asked five investors to share how they are positioning for that uncertainty and where they think markets could be headed next. Here is what they said:

‘Animal spirits’ could return

Cliff Asness, founder of AQR Capital Management, acknowledges that he wasn’t expecting the run in speculative stocks and digital currencies that has swept markets to kick off 2023.

Bitcoin prices have jumped around 40%. Some of the stocks that are the most heavily bet against on Wall Street are sitting on double-digit gains. Carvana Co. has soared nearly 64%, while MicroStrategy Inc. has surged more than 80%. Cathie Wood‘s ARK Innovation ETF has gained about 29%.

If the past few years have taught Mr. Asness anything, it is to be prepared for such run-ups to last much longer than expected. His lesson from the euphoria regarding risky trades in 2020 and 2021? Don’t count out the chance that the frenzy will return again, he said.

“It could be that there are still these crazy animal spirits out there,” Mr. Asness said.

Still, he said that hasn’t changed his conviction that cheaper stocks in the market, known as value stocks, are bound to keep soaring past their peers. There might be short spurts of outperformance for more-expensive slices of the market, as seen in January. But over the long term, he is sticking to his bet that value stocks will beat growth stocks. He is expecting a volatile, but profitable, stretch for the trade.

“I love the value trade,” Mr. Asness said. “We sing about it to our clients.”

—Gunjan Banerji

Keeping dollar’s moves in focus

For Richard Benson, co-chief investment officer of Millennium Global Investments Ltd., no single trade was more important last year than the blistering rise of the U.S. dollar.

Once a relatively placid area of markets following the 2008 financial crisis, currencies have found renewed focus from Wall Street and Main Street. Last year the dollar’s unrelenting rise dented multinational companies’ profits, exacerbated inflation for countries that import American goods and repeatedly surprised some traders who believed the greenback couldn’t keep rallying so fast.

The factors that spurred the dollar’s rise are now contributing to its fall. Ebbing inflation and expectations of slower interest-rate increases from the Fed have sent the dollar down 1.7% this year, as measured by the WSJ Dollar Index.

Mr. Benson is betting more pain for the dollar is ahead and sees the greenback weakening between 3% and 5% over the next three to six months.

“When the biggest central bank in the world is on the move, look at everything through their lens and don’t get distracted,” said Mr. Benson of the London-based currency fund manager, regarding the Fed.

This year Mr. Benson expects the dollar’s fall to ripple similarly far and wide across global economies and markets.

“I don’t see many people complaining about a weaker dollar” over the next few months, he said. “If the dollar is falling, that economic setup should also mean that tech stocks should do quite well.”

Mr. Benson said he expects the dollar’s fall to brighten the outlook for some emerging- market assets, and he is betting on China’s offshore yuan as the country’s economy reopens. He sees the euro strengthening versus the dollar if the eurozone’s economy continues to fare better than expected.

—Caitlin McCabe

Stocks still appear overvalued

Even after the S&P 500 fell 15% from its record high reached in January 2022, U.S. stocks still look expensive, said Rupal Bhansali, chief investment officer of Ariel Investments, who oversees $6.7 billion in assets.

Of course, the market doesn’t appear as frothy as it did for much of 2020 and 2021, but she said she expects a steeper correction in prices ahead.

The broad stock-market gauge recently traded at 17.9 times its projected earnings over the next 12 months, according to FactSet. That is below the high of around 24 hit in late 2020, but above the historical average over the past 20 years of 15.7, FactSet data show.

“The old habit was buy the dip,” Ms. Bhansali said. “The new habit should be sell the rip.”

One reason Ms. Bhansali said the selloff might not be over yet? The market is still underestimating the Fed.

Investors repeatedly mispriced how fast the Fed would move in 2022, wrongly expecting the central bank to ease up on its rate increases. They were caught off guard by Fed Chair Jerome Powell‘s aggressive messages on interest rates. It stoked steep selloffs in the stock market, leading to the most turbulent year since the 2008 financial crisis. Now investors are making the same mistake again, Ms. Bhansali said.

Current stock valuations don’t reflect the big shift coming in central-bank policy, which she thinks will have to be more aggressive than many expect. Though broader measures of inflation have been falling, some slices, such as services inflation, have proved stickier. Ms. Bhansali is positioning for such areas as healthcare, which she thinks would be more insulated from a recession than the rest of the market, to outperform.

“The Fed is determined to win the war since they lost the battle,” Ms. Bhansali said.

—Gunjan Banerji

A better year for bonds seen

Gone are the days when tumbling bond yields left investors with few alternatives to stocks. Finally, bonds are back, according to Niall O’Sullivan of Neuberger Berman, an investment manager overseeing about $427 billion in client assets at the end of 2022.

After a turbulent year for the fixed-income market in 2022, bonds have kicked off the new year on a more promising note. The Bloomberg U.S. Aggregate Bond Index—composed largely of U.S. Treasurys, highly rated corporate bonds and mortgage-backed securities—climbed 3% so far this year on a total return basis through Thursday’s close. That is the index’s best start to a year since it began in 1989, according to Dow Jones Market Data.

Mr. O’Sullivan, the chief investment officer of multi asset strategies for Europe, the Middle East and Africa at Neuberger Berman, said the single biggest conversation he is currently having with clients is how to increase fixed-income exposure.

“Strategically, the facts have changed. When you look at fixed income as an asset class…they’re now all providing yield, and possibly even more importantly, actual cash coupons of a meaningful size,” he said. “That is a very different world to the one we’ve been in for quite a long time.”

Mr. O’Sullivan said it is important to reconsider how much of an advantage stocks now hold over bonds, given what he believes are looming risks for the stock market. He predicts that inflation will be harder to wrangle than investors currently anticipate and that the Fed will hold its peak interest rate steady for longer than is currently expected. Even more worrying, he said, it will be harder for companies to continue passing on price increases to consumers, which means earnings could see bigger hits in the future.

“That is why we are wary on the equity side,” he said.

Among the products that Mr. O’Sullivan said he favours in the fixed-income space are higher-quality and shorter-term bonds. Still, he added, it is important for investors to find portfolio diversity outside bonds this year. For that, he said he views commodities as attractive, specifically metals such as copper, which could continue to benefit from China’s reopening.

—Caitlin McCabe

 

Find the fear, and find the value

Ramona Persaud, a portfolio manager at Fidelity Investments, said she can still identify bargains in a pricey market by looking in less-sanguine places. Find the fear, and find the value, she said.

“When fear really rises, you can buy some very well-run businesses,” she said.

Take Taiwan’s semiconductor companies. Concern over global trade and tensions with China have weighed on the shares of chip makers based on the island. But those fears have led many investors to overlook the competitive advantages those companies hold over rivals, she said.

“That is a good setup,” said Ms. Persaud, who considers herself a conservative value investor and manages more than $20 billion across several U.S. and Canadian funds.

The S&P 500 is trading above fair value, she said, which means “there just isn’t widespread opportunity,” and investors might be underestimating some of the risks that lie in waiting.

“That tells me the market is optimistic,” said Ms. Persaud. “That would be OK if the risks were not exogenous.”

Those challenges, whether rising interest rates and Fed policy or Russia’s war in Ukraine and concern over energy-security concerns in Europe, are complicated, and in many cases, interrelated.

It isn’t all bad news, she said. China ended its zero-Covid restrictions. A milder winter in Europe has blunted the effects of the war in Ukraine on energy prices and helped the continent sidestep recession, and inflation is slowing.

“These are reasons the market is so happy,” she said.

—Justin Baer

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