Dutch and Canadian markets fare worst
While Australian investors have done it tough over the past quarter, they have not experienced quite the level of stress as their Canadian and Dutch counterparts, according to the latest Mercer sector surveys.
The Mercer data revealed that while all major markets declined in September, it was the Netherlands and Canada that had fared worst, with declines of 14.9 per cent and 14 per cent respectively.
By comparison, the Australian share market, as represented by the S&P/ASX300 index, posted a 9.9 per cent fall in September and was down 27.1 per cent over a 12-month period.
The Mercer analysis said that resource sectors had been the hardest hit, with energy stocks down 13 per cent and materials down 22.5 per cent.
Recommended for you
The month of April enjoyed four back-to-back weeks of growth in financial adviser numbers, with this past week seeing a net rise of five.
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With the election taking place on Saturday (3 May), Adviser Ratings examines how the two major parties could shape the advice industry in the future.
