Bernard Doyle, head of JBWere Investment Strategy, presents a high level investment strategy update for investors. For now, they see a US led recovery continuing and remain overweight equities. However they believe that we are now in a low return world, in the late stages of the equity market recovery, and they expect, by the end of this year, to have a more neutral allocation to equities. It also covers global earnings and valuations, stabilisation of world growth, China and Europe and tactical asset allocation. Well worth a watch, click on the image below.
Tag Archives | US markets
Yesterday the ASX200 index hit the highest level in the last 5 years when it reached the ‘giddy’ height of 5234. This has been a very hard level for the market to break over the last year, in fact much above 5000 has been hard to maintain since it was first reached back in April 2010. It is also interesting to see how far the market is from getting back to it’s pre Global Financial Crisis highs – it is still 24% below where it reached in 2007.
Compare this to the US market, with the same time period for the S&P500 below. That market has gained back all it lost in the Global Financial Crisis and has gone on to new ‘all-time’ highs.
It is however interesting to note that the ASX 200 Accumulation Index (which includes all the dividends paid to investors) has just reached an all time high gaining back 103% of its losses since 2008. Shows the huge power of the dividend, especially with antipodean markets where it is such a high proportion of returns.
Even so this highlights the importance of diversification for clients outside of Australia and New Zealand. In fact our current view is that client should be overweight their long term strategic allocation to global equity markets as the improved forecast for global growth over the next couple of years should flow through to good performance in those markets.
Aspiring Wealth Management has joined Forsyth Barr
Our clients have known for some time now that the Aspiring Wealth Management team were joining Forsyth Barr. We are pleased to announce that as of 1 April 2020, we have become the 22nd office in the Forsyth Barr network. You will notice some branding changes to this page soon, and we encourage you to follow the @ForsythBarr Facebook page too. For further details please read the news article about the Aspiring Wealth Management team moving to Forsyth Barr, written by Forsyth Barr Managing Director, Neil Paviour-Smith: http://ow.ly/PJAT50yGdbZ