The 2020-21 financial year was horrendous for growth funds, especially those exposed to high-growth tech stocks, which were widely seen as overvalued at the market peak in late 2021.
Following the reopening of global markets post-Covid, there was a sudden change in macro-economic conditions caused by massive stimulus spending and supply constraints. Central bankers were caught asleep at the wheel, but are now starting to talk tough.
For Australian investors, the value of fully franked dividends will play a bigger part in client portfolios as dividend payments return to pre-pandemic levels. But that all depends on whether Australia has a soft or hard landing.
Australia’s trade surplus hit a record high of $15.97 billion in May 2022 from April’s $13.25 billion and higher than a consensus forecast of $10.73 billion. The surprise rise in exports came on the back of rising global demand and soaring commodity prices.
Robotics of the future will make life easier for humanity, creating more room for optimism than despair.
Following the re-opening of global markets post-Covid, there was a sudden change in macro-economic conditions caused by massive stimulus spending and supply constraints. Central bankers were caught asleep at the wheel, while inflation was surging in the background.
Leading global private investments firm Northleaf Capital Partners has made a tilt into the lucrative mobile tower infrastructure sector. Northleaf purchased a 40 percent stake in Aotearoa Towers Limited, a mobile tower infrastructure business, from Vodafone New Zealand Limited.
Leading Australian investment and wealth management app, Pearler, has closed a seed funding round raising $7.8m led by Portage Ventures, Archangel Ventures and Ten13.
China is tipped to be the largest economy in the world, yet most client portfolios contain little to no exposure to China A-Shares. While the ease of access has often been cited as one of the reasons for the omission, there are a number of managed funds and ETFs that cover this growing asset class that can easily be implemented.
The technology sector has been the best performing sector since the GFC, returning over 300 percent since December 2008. The question is, where is tech likely to go over the next 6-12 months?
