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Entrust Investment News

Hello Entrust Member,

In this edition we review a weak month for Australian shares, consider how the superannuation changes may impact your estate plan and highlight the potential implications of getting the timing wrong when investing in managed funds.

Advisor

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Market Wrap

Australian shares underperformed their international counterparts driven by falls in the financial sector following the announcement of the bank levy. Meanwhile fixed interest markets responded to the expectation the recovery in economic growth may be slower than initially thought. The Australian dollar ended little changed after experiencing significant price volatility during the month.


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Estate implications of super changes

Changes to superannuation that come into effect from July 1 represent some of the most significant in the last decade and may have a number of estate planning implications. As a result this may represent the last opportunity for some to make amendments to their superannuation to ensure they adequately provide for the next generation.


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Timing is everything

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When it comes to investing even the smallest difference in timing can have a big impact. Getting the timing right on investments is in part dark-art and in part a sprinkling of luck, however people can improve their ‘luck’ by ensuring the odds weigh in their favour. An example of this is when it comes to investing in managed funds and certain dividend paying shares as there are some periods during the year where extra care is needed.

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Index / Indicator
AUSTRALIAN EQUITIES 31/05/2017 Change 1 Month Change 12 Months
ASX200 Accum 55,661.89 -2.75% 11.10%
ASX200 Resources Accum 19,977.73 1.19% 28.12%
ASX200 Industrials Accum 114,985.76 -3.48% 8.42%
INTERNATIONAL EQUITIES
MSCI World Index 1,911.74 1.78% 14.16%
S&P500 (USA) 2,411.80 1.16% 15.01%
FTSE 100 (UK) 7,519.95 4.39% 20.69%
Nikkei 225 (Japan) 19,650.57 2.36% 14.02%
Shanghai Composite (China) 3,117.18 -1.19% 6.88%
CURRENCY
A-Dollar / US-Dollar $0.7431 -0.76% 2.75%
Trade Weighted Index 63.8 -1.09% 3.40%
FIXED INTEREST
Aust 90 Day Bank Bills 1.74% 0bps -24bps
Aust 10 Year Govt Bonds 2.39% -19bps 8bps
US 10 Year Govt Bonds 2.21% -7bps 36bps

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