The recovery rally marches on Global shares rose 2.3% and fell -1.1% in hedged and unhedged terms, respectively. Emerging markets bounced back strongly (up 3.5%) driven by stronger economic data in China with business surveys such as the Caixin PMI seeing a return to growth continue for Chinese businesses. Australian shares outperformed global shares rising…

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A relief rally for (most) markets Global shares rose 10% and 3.6% in hedged and unhedged terms, respectively. Emerging markets were relative underperformers (up 2%) as their currencies remained under pressure during the month with the Australian dollar appreciating against the Chinese Yuan, Brazilian Real and others. Factors such as sizeable coronavirus outbreaks in emerging…

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Take a long-term viewInvestment results tend to vary more widely when you just consider the returns over a period of one year.Ten-year returns are generally much more stable and a lot more predictable as can be seen in the chart below.  Impact of reacting to short-term noiseVolatility is part of investing, and whilst we can avoid it,…

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How is world faring against the Coronavirus (a.k.a COVID-19)? Since COVID-19 was first detected in China, transmission across the rest of the world has been substantial, as have been the number of deaths. There have been over 3.5 million confirmed cases and over 247,000 deaths. However overall growth rates have slowed globally. This raises confidence…

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March 2020 Flight to safety globally escalated Global shares fell -13.4% and -8.3% in hedged and unhedged terms, respectively. Emerging markets were relative underperformers (down -10.9%) as they were caught up in a flight to liquidity (cash) by investors seeking safe-haven assets instead. An oil price war triggered by Saudi Arabia also impacted emerging markets…

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March 2020 Flight to safety globally Global shares fell -8.5% and -4.9% in hedged and unhedged terms, respectively. Emerging markets were relative outperformers (only down -1.6%) with COVID-19 (a.k.a. coronavirus) outbreaks outside of China and their economic impact a driving concern for global share markets. Domestically, Australian shares underperformed international markets falling -7.7% in February.…

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Investor sentiment was mixed Global shares were down -0.4% and were up 4.3% in hedged and unhedged terms, respectively. Emerging markets were relative underperformers (up 0.1%) driven by coronavirus concerns over the impact on China. Domestically, Australian shares outperformed international markets rising 5% during January. This was driven by strong performance in the Health Care…

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Release date 14th Feb 2020 • Since late December 2019 a new coronavirus strain, the 2019-nCov virus, began to emerge from Wuhan, China. • The outbreak has been predominantly focused in China with a total of 20,624 confirmed cases and 427 deaths reported, but the number is growing each day. • Outside of China there…

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Risk assets rose Global shares were up 2.3% and were down -0.9% in hedged and unhedged terms, respectively. Emerging markets enjoyed strong relative performance (up 3.4%). Domestically, Australian shares underperformed international markets falling -2.2% during December. This was driven by rising bond yields as well as stock-specific factors. The former saw rate exposed sectors such…

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Risk assets rose Global shares were up 3.2% and 4.7% in hedged and unhedged terms, respectively. Domestically, Australian shares underperformed international markets rising 3.3% during November. This was driven by a combination of positive earnings outlooks at AGM season by the likes of A2 Milk. An offsetting factor was the performance of the banking sector…

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