The S&P/ASX 200 Accumulation Index fell 7.8% in August, lead by the banking and energy sectors.
There was continued global and domestic market volatility, primarily due to a series of Chinese currency devaluations. Equity markets fell sharply in late August before recovering a little towards the end of the month.
The Australian Dollar fell against the US Dollar, falling 2.7% over the month.
For a summary of the domestic and international economic news for August you can read the full Lonsec Market Commentary here:
The S&P/ASX 200 Accumulation Index gained 4.40% over July, closing in on the 5700 mark. Domestically the Health Care sector performed best while Resources remained the worst, following continuing weakness in the commodities market.
Following the Greek Government’s acceptance of the EU bailout plan, US and European markets posted widespread gains over the month while Chinese stocks continued their selloff from June, with the MSCI Emerging Markets Index dropping 1.84%.
For a summary of the domestic and international economic news for July you can read the full Lonsec Market Commentary here:
As the financial year came to an end the S&P/ASX 200 Accumulation Index lost 5.30% in June amid earnings downgrades. There was fairly heavy selling in Europe at the end of June amidst the still continuing Greek Debt Crisis, equity markets across Asia fell as well over the month.
The RBA left interest rates at 2% and while the trade deficit narrowed and retail sales were up, both were less than hoped for. In the US and Europe there were continuing signs of growth and improving economic activity.
For a round up of the domestic and international economic news for June you can read the full Lonsec Market Commentary here:
The IFA Excellence Awards are the only industry awards dedicated exclusively to boutique and non-aligned financial advisers.
LIFE Financial Planners is proud to announce that we have been nominated as finalists for the second year in a row in the category of Best Client Servicing – Company. As an independently-owned financial advice company that pride ourselves on providing the best personal advice and customer service we are extremely honoured to be finalists in this category again.
The IFA Excellence Awards will be announced at a ceremony in Sydney on Friday, August 7th.
Setting yourself up with life insurance is easier when you’re young and healthy and the premiums are often much less than you’d think. Neale Prior spoke to Marijana for his article ‘Single life can lead to little death’ in The West Australian (April 20, 2015). Marijana explains that men and women in their mid-twenties should get plenty of income protection, trauma and TPD insurance in case something goes wrong in their active life.
If you’d like to talk to Marijana about putting insurances in place to protect yourself, your family and your assets, please give us a call.
Read Neale Prior’s article in ‘Your Money’ in The West Australian; ‘Single life can lead to little death’, featuring our very own Marijana Ravlich.