Market Update

Our share market has been a robust performer of late, managing to put behind it the precipitous declines that spooked other investors at the start of the year. The ASX200 is now in positive territory for 2016 to the tune of 3% (including dividends), and has in...

The March quarter was,to borrow a football analogy,a game of two halves.In our January commentary we addressed some of the concerns in the market about the spike in volatility,and pleasingly many of these have abated significantly in the latter half of February and through March.The...

The calendar year just completed saw the Australian economy grow by 3.0%. Not only did the final quarter growth for 2015 beat expectations, but the Q3 growth was revised up, and in their comments on the data economists from ANZ Bank said the detail was better...

Just how volatile have markets been in the first weeks of 2016? With a little explanation, hopefully the above pictures will prove their worth to be at least as good as the metaphorical thousand words. On the left hand side we have the ASX200 and on the...

[caption id="attachment_3626" align="alignnone" width="1261"] The table above has been updated to reflect market moves through mid-January, rather than showing the December 31 index values as would normally be the case. We have done so to provide a more accurate reflection of the valuations subsequent to...

While valuation is not a timing signal or an effective indicator of short-term performance, over longer periods it is absolutely the most important determinant of portfolio outcomes. We will focus our initial comments below on the Australian economy, including the extent to which we are managing...