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Personal Wealth Spring 2017

What's Inside

Investment Markets / Understanding Diversification / The importance of planning for aged care

Investment Markets

Recent Events Hurricanes in the US and the belligerence of North Korea initially lead to some volatility in markets but that did not last long. Most Global equities markets are well up in 2017 while the major US equities indices are still hovering around record highs. Global equities are in fact performing much better than Australian equities in local currency terms.

The rise of the Australian dollar from 72 US cents to around 80 cents has somewhat masked the underperformance of domestic equities in 2017. The (Bloomberg) US dollar index, which measures the US dollar against a basket of currencies is down about 10% in 2017, this is almost a 3 year low.

Year to date, in local currency (to September 18), Global equities have returned 13.0% (MSCI AC World), US equities have returned 13.3% (S&P 500), while Australian shares have returned 4.1% (ASX 200). The standout performer has been Emerging markets which have returned 25%.

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Personal Wealth Winter 2017