Monthly Commentary Tag

Yielding to yields [vc_video link='https://www.youtube.com/watch?v=gbtZMmHy-WA'] [vc_separator type='normal' position='center' color='#000000' thickness='1' up='20' down='20'] Both defensive and growth assets weakened further in October, reflecting another solid increase in global bond yields. The Hamas attack on Israel was a major development in the month, which initially led to a spike in...

Higher for longer [vc_video link='https://www.youtube.com/watch?v=5-iEBhgqUUQ'] [vc_separator type='normal' position='center' color='#000000' thickness='1' up='20' down='20'] Market Overview Both defensive and growth assets weakened in September, reflecting a strong further increase in global bond yields. In turn, this reflected resilient global economic growth and expectations that policy rates would remain ‘higher for longer’. Growth...

Easing recession risk suggests the worst may be behind us Growth vs defensive assets Growth assets returned 0.5%, marginally beating the 0.3% return from defensive assets. Growth assets have outperformed solidly over the past 12 months. Defensive assets Global bond yields rose further in August as resilient economic growth reduced the risk...

A strong April, but markets remain in a state of flux [vc_video link='https://www.youtube.com/watch?v=fw9SJyX59Uk'] [vc_separator type='normal' position='center' color='#000000' thickness='1' up='20' down='20'] Market summary Both growth and defensive assets rose in April, with the latter outperforming the former due to moderate gains in both Australian and global equities. Defensive assets Broadly steady global...

Market trends: Australia vs the world [vc_video link='https://youtu.be/08hKGpeCLyw'] [vc_separator type='normal' position='center' color='#000000' thickness='1' up='20' down='20']   Major asset class performance Hopes of a soft landing for the global economy – with inflation falling without the need for a recession – have supported both bond and equity markets in recent months,...

Market Trends: Can the US pull off a soft landing? [vc_video link='https://www.youtube.com/watch?v=HwC4H3rCLGQ'] [vc_separator type='normal' position='center' color='#000000' thickness='1' up='20' down='20']   Global bonds and equities: soft landing hopes boost returns An easing in global inflation and still resilient economic growth – despite aggressive central bank rate hikes last year – has...