International shares take a dive
International shares had a tough run in February, thanks to continued downturns on the Nasdaq and European markets.
According to Ausbil Dexia, the MSCI equity index fell 4.5 per cent over the month, thanks to a 22.4 per cent dive on the Nasdaq and falls on the UK and German markets of 6 and 8.6 per cent respectively.
Most other sectors were flat for the month, including Australian equities which dropped 0.2 per cent and Australian bonds which grew 0.7 per cent. Listed property trusts recorded the highest growth of 1.1 per cent for the month.
The poor showing on equity markets contrasts with a relatively bright start to the year in Australian and international equity markets in January, recording rises of 4.2 and 3.1 per cent respectively.
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.
