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Personal Wealth Winter 2014

What's Inside
- Investment Markets 
- 2014 Federal Budget

Recent History
A fairly quiet few months in markets except for the situation in Europe where Russia annexed Crimea after a referendum where it is alleged that over 97% of the turnout voted in favour of joining Russia.

The major feature of markets has been a rally in higher yielding sectors with Australian listed property and utilities leading the way, up about 8% in price in the year to date (May 17). Over the same period the Australian 10 year government bond yield has fallen from 4.2% to under 3.8%.

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Personal Wealth - Spring 2014