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Entrust Investment News

Hello Entrust Member,

In this month’s edition, our tech team enforce the importance of estate planning and having Wills in place to ensure individuals and their families are prepared for the unexpected. The month of October is reviewed in Morningstar’s Australian Economic Update and two topics of interest are discussed in this months “Frankly Speaking” section.


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Morningstar’s Australian Economic Update for October 2018

World equities sold off in October, based on a range of concerns. The two most important were the potential impacts of higher bond yields, and the prospect of the U.S. or global business cycles running out of momentum. Higher bond yields have not only depressed returns from bonds but have also weighed on property and infrastructure. The likelihood is that both the U.S. and global expansions are still intact, but risk levels have risen at this late stage of the cycle, and further volatility can be expected.

In Australia, the latest data suggests a reasonable rate of ongoing economic growth, though not at a pace that is likely to generate strong growth in corporate profitability.

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Index / Indicator
AUSTRALIAN EQUITIES Sep-17 Sep-18 Change 1 Month Change 12 Months
ASX200 Accum 56,137.99 63,979.04 -1.26% 13.97%
ASX200 Resources Accum 21,370.10 27,750.23 5.39% 29.86%
ASX200 Industrials Accum 53,668.40 59,921.46 -2.22% 11.65%
MSCI World Index 2,000.55 2,184.01 0.39% 9.17%
S&P500 (USA) 2,519.36 2,913.98 0.43% 15.66%
FTSE 100 (UK) 7,372.76 7,510.20 1.05% 1.86%
Nikkei 225 (Japan) 20,356.28 24,120.04 5.49% 18.49%
Shanghai Composite (China) 3,348.94 2,821.35 3.53% -15.75%
A-Dollar / US-Dollar $0.78 $0.72 0.36% -7.87%
Trade Weighted Index 66.1 62.2 -0.64% -5.90%
Aust 90 Day Bank Bills 1.71% 1.94% -50 bps 2300 bps
Aust 10 Year Govt Bonds 2.84% 2.67% 1506 bps -1664 bps
US 10 Year Govt Bonds 2.33% 3.06% 1993 bps 7249 bps

Wills and Estate Planning

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It is surprising to note how many new clients do not have a current Will in place. The importance of this document cannot be overstated, given it sets out exactly how an individual wants their estate to be handled. It is also important to recognise that personal succession planning is more than just a Will, even for those in the early stages of their working life or with young children.

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Frankly Speaking

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Contrarian Investing and Yield Trap.

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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 personal objectives, financial situation or needs and so you should consider its appropriateness having regard to these factors before acting on it. This publication may contain material provided directly by third parties and is given in good faith and has been derived from sources believed to be reliable but has not been independently verified. Entrust is not responsible for such material. To the maximum extent permitted by law: (a) no guarantee, representation or warranty is given that any information or advice in this publication is complete, accurate, up-to-date or fit for any purpose; and (b) neither Entrust, nor any member of the Entrust group of companies or its authorised representatives, is in any way liable to you (including for negligence) in respect of any reliance upon such information or advice. It is important that your personal circumstances are taken into account before making any financial decision and we recommend you seek detailed and specific advice from your adviser before acting on any information or advice in this publication. Any taxation position described in this publication is general and should only be used as a guide. It does not constitute tax advice and is based on current laws and our interpretation. You should consult a registered tax agent for specific tax advice on your circumstances. More information? For further information on any issue discussed in this publication, or on any financial matter, please contact your financial adviser.
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