Delivering value in spades It has been a difficult few years for financial advisers following the Royal Commission. The Commission uncovered some long-standing issues that were predominantly associated with the vertical integration of advice and investment management, resulting in a much needed professionalisation and cleanout of the industry. This has continued into 2020 with thousands…
Sentiment shifts US market rallies, JB Hi-Fi (ASX:JBH) sold off, Seek (ASX:SEK) under short attack It’s looking like a tough end to October after what has been a very strong month. The ASX 200 (ASX:XJO) fell 1.6% on Thursday due to a weak global lead. As highlighted, new economic restrictions are combining with a market…
Inflation returns, Coles (ASX:COL) sales boom, US staggers down 3%, ASX to open over 1% lower The ASX 200 (ASX:XJO) staged a solid comeback after a weak opening, finishing 0.1% higher. The strength came from the consumer staples and IT sector, up 1.8% and 3.0%, with some new and old names contributing. On the newer side, was grocery retailer Coles Group (ASX:COL)…
Vanguard Group Inc. has drawn many headlines in recent weeks following its decision to “give back” billions of dollars in investment mandates to Australian industry funds. According to Bloomberg reports, the group has been implementing similar strategies in China and throughout the world. The return of (or what some see as a refusal to continue…
Initial Public Offering 101 If you have been reading any financial media, or even social media, at all throughout 2020, you likely get the feeling that the IPO market has been growing like crazy. This is something my colleague, Ishan Dan, has addressed in his article this week, called IPO market review – who delivered…
ASX falls, Coca-Cola Amatil (ASX:CCL) under offer, IPOs now falling flat The ASX 200 (ASX:XJO) weakened 0.2% to start the week, with the announcement of a release of Victorian Stage Four restrictions not enough to trigger a rally. The IT and Banking sectors lead the market lower, with Westpac Banking Corporation (ASX:WBC) falling 0.4% after…
Another negative week for the ASX, Trump-Biden debate, Link (ASX:LNK) undervalued The ASX 200 (ASX:XJO) finished 0.1% lower on Friday keeping the index in negative territory for the week, down 0.2%. The IT sector was the highlight, adding 1.8%, behind strength in Afterpay (ASX:APT), Zip Co (ASX:Z1P) and Link Administration (ASX:LNK). Management of LNK responded to the $5.20…
Volatility continues, ASX pares losses, Healius (ASX:HLS) delivers, AMP (ASX:AMP) sold off, positive morning ahead The ASX 200 (ASX:XJO) pared early losses to finish down just 0.3% on Wednesday, with oil prices the biggest detractor. The oil sector fell 1.8% as oil prices pushed lower on concern of weaker demand. Woodside Petroleum Ltd (ASX:WPL) reported quarterly production had…
ASX broadly flat, retail sales decline again, TPW smashed, flat lead The ASX battled to a flat finish on Wednesday, adding 0.1%, with gains in energy and financials offsetting weakness in the consumer sectors. Retail sales results were released with every state apart from the NT falling in September, national sales were down 1.5%. This was the second…
ASX 200 hits seven month high, CSL (ASX:CSL) bounces, Cimic (ASX:CIM) sells Thiess, weaker open ahead The ASX 200 (ASX:XJO) rallied 0.9% to start the week, buoyed by the hope of Victorian economic restrictions being lifted at the end of the month. The index has reached a seven month high as a confluence of domestic…
