EM is a misrepresented term. It is not only dominated by four large Asian markets that make up 76 per cent of the index but also by a very few largely China-based companies. In other words, it is an Asian index with a few other markets thrown in.
Having just returned from visits to wealth and fund managers in Boston and New York, my first trip to the US in 18 months, I was struck by the intensely divided nature of the country. This can be put down to the polarising politics around President Donald Trump.
Despite GDP growth at the end of the second quarter exceeding expectations at 4.2% and company earnings clearly very strong and exceeding expectations, fund managers are surprisingly cautious.
Australia’s markets are greatly driven by US markets. Because of unknowns around uncertainties we expect short-term volatility to continue for the remainder of October both here and in the US. Yet by mid-November a clear path ahead will be evident into 2019.
Thoughtful article in The Australian by James Kirby also quoting our Managing Partner, Will Hamilton where he discusses the importance of ensuring the structure or fund you use for running your superannuation is appropriate.
We are starting to see ESG being included as an integral part of an investment process…it should be!
Despite the High Court decision in Thorne v Kennedy, if a BFA is constructed sensibly they are still important to protect assets that are brought into a relationship.
Labor or the Coalition one thing that is certain is increased taxes. Tax effective solutions are gaining increased coverage, ensure you are comfortable with how your funds are invested and that the fees are not overly excessive (they are high because the manufacturer can charge these excessive amounts).
Tread cautiously around superannuation to ensure the rules are adhered to in entirety.
Financial advisers are not doing enough to start conversations with their clients about ethical investment, delegates to the Responsible Investment Association Australasia conference have heard.
Or Managing Partner Will Hamilton has been announced as one of the fifty most influential advisers in the Financial Standard FS Power 50 for 2017.
For details on the FS Power 50 composition click on the link below:
For details on the Financial Standard press release, click on the next link:
It is looking more likely by the day we will see a change in government…what could be coming our way with respect to tax changes.