International equities storm home
Australian investors had their brokers working overtime last month, as the storm that clouded the international equity market lifted slightly according to an Ausbil Dexia survey.
Australian investors had their brokers working overtime last month, as the storm that clouded the international equity market lifted slightly according to an Ausbil Dexia survey.
Equities led the charge with local stocks returning 1.7 per cent but easily beaten by international equities which returned 3.5 per cent.
This rise was also evident in the market as their performances included a nearly 12 per cent rise for the NASDAQ, just over six per cent for the S&P and the Dow im-proved 6.6 per cent.
Most markets were strong with Japan up a strong 7.2 per cent and in Europe the UK was up 4.8 per cent. France and Germany were also high performers in com-parison to themselves in recent times, with 1.3 per cent and 0.4 per cent increase, respectively.
Despite the those overall high performances, Asia’s markets wavered. Korea was down 2.4 per cent and Malaysia was down 0.3 per cent. Thailand was up 8.1 per cent, Hong Kong was up 1.5 per cent, with Singapore up 6.1 per cent.
Ausbil Dexia chief investment officer, Michael Wilson says the share markets are reasonably valued at the moment which resulted in the overall positive returns.
“Most signals for continued economic growth are healthy. World economies are going forward at a slightly slower pace and the markets have priced this in ac-cordingly,” he says.
“Rising profits have buoyed the domestic equity market and international equity investments delivered stronger returns on a marginally weaker Australian dollar”.
Recommended for you
VanEck’s Bitcoin ETF has amassed $290 million in assets in its first year, but the ETF provider has said financial advisers remain skeptical of the asset.
State Street has rebranded its State Street Global Advisors arm, which has US$4.6 trillion in assets under management, following a series of deals with financial services firms in recent months.
Northern Trust Asset Management has appointed a new head of international and responsible investing.
More than 20 winners have been revealed for the annual Fund Manager of the Year Awards.
