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Hello Entrust Member,
In this month’s edition Giuliano Vinci from our Technical Services team drills down on the governments ‘Downsizer Contributions’ that come into effect from July 1 2018. Andrew Mitchell & Steven Ng from Ophir Asset Management review the month of February and we introduce a new section ‘Frankly Speaking’ to explore and explain topics you often here about but have never quite understood. Fresh off the press from Morningstar is the Australian Economic Update for March.
Advisor
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Index / Indicator |
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AUSTRALIAN EQUITIES |
Feb-17 |
Feb-18 |
Change 1 Month |
Change 12 Months |
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ASX200 Accum |
54,830.25 |
60,369.39 |
0.36% |
10.10% |
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ASX200 Resources Accum |
19,927.94 |
24,725.03 |
-0.68% |
24.07% |
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ASX200 Industrials Accum |
47,094.40 |
55,057.73 |
-0.36% |
16.91% |
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INTERNATIONAL EQUITIES |
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MSCI World Index |
1,838.70 |
2,117.99 |
-4.30% |
15.19% |
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S&P500 (USA) |
2,363.64 |
2,713.83 |
-3.89% |
14.82% |
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FTSE 100 (UK) |
7,263.44 |
7,231.91 |
-4.00% |
-0.43% |
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Nikkei 225 (Japan) |
19,118.99 |
22,068.24 |
-4.46% |
15.43% |
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Shanghai Composite (China) |
3,241.73 |
3,259.41 |
-6.36% |
0.55% |
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CURRENCY |
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A-Dollar / US-Dollar |
$0.77 |
$0.78 |
-3.67% |
1.37% |
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Trade Weighted Index |
66.7 |
63.6 |
-3.05% |
-4.65% |
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FIXED INTEREST |
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Aust 90 Day Bank Bills |
1.78% |
1.79% |
1 bps |
1 bps |
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Aust 10 Year Govt Bonds |
2.72% |
2.81% |
-1 bps |
9 bps |
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US 10 Year Govt Bonds |
2.39% |
2.86% |
16 bps |
47 bps |
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Morningstar’s Australian Economic Update for March 2018
World equities have been recovering from their February sell-off and are now back up to where they started the year. On the plus side, the outlook for the global economy has strengthened further and provides a promising backdrop for corporate profits. On the down side, many asset classes remain expensive and are vulnerable to further rises in bond yields. Investors also risk being too blasé about risk and may not be prepared for the likes of tariff trade wars or other geopolitical surprises.
In Australia, the economy appears to be picking up a faster head of steam, but it is not obvious that growth will be fast enough to deliver a strong boost to corporate profits.
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ENTRUST PRIVATE WEALTH MANAGEMENT
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PO Box Z5034 Perth Western Australia 6831
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This publication has been compiled by Entrust Private Wealth Management ABN 80 100 088 168 AFSL 222152 (Entrust). This publication is current as at time of preparation. Past performance is not a reliable indicator of future performance. Any outlooks in this publication are predictive in character. Whilst every effort has been taken to ensure that the assumptions on which the outlooks given in this publication are based are reasonable, the outlooks may be based on incorrect assumptions or may not take into account known or unknown risks and uncertainties. The results ultimately achieved may differ materially from our outlooks. Material contained in this publication is an overview or summary only and it should not be considered a comprehensive statement on any matter nor relied upon as such. The information and any advice in this publication do not take into account your
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