Market Update: June 2019

Self-funded retirees rejoice! An election win by the Coalition means that there will be no changes to franking credit refunds on the horizon. The strong backlash against the Labor party’s proposed restrictions on franking credit refunds means this feature of the tax system will remain an important investment opportunity for income-seeking investors. We feel that no future government is likely …

Market Update: May 2019

Global equities were the standout asset class in April, with the domestic share market also performing well. Fears of a disappointing earnings reporting season in the US were not realised, helping the US market maintain its upward trajectory (although events in the past week may undo these gains). Australia delivered 2.4% in April, rising above 6,300 points on the back …

Market Update: March 2019

Equities continued their stellar run from the lows of early January, with Australian shares returning just shy of 6% for the month and 10.1% so far in 2019. February was primarily led by energy (+7.9%), IT (+7.6%) and financials (+9.1%) which was the real driver of returns. In price terms the market has now fully recovered since the start of …

Market Update: February 2019

Equities recovered well through January and have run hard and fast from their December lows. Australian shares posting a return of 3.87% in January, driven predominantly by Energy (+11.5%) and Information Technology (+9.3%). Resources were also quite strong, particularly late in the month where a disastrous dam collapse on Brazilian iron ore giant, Vale’s, operation which saw the tragic deaths …

Market Update: January 2019

Happy New Year! Investment markets have been on a bit of a rollercoaster ride over the holiday season, with Santa missing Christmas but arriving the day after. A US government shutdown drove US shares down 19.8% from its September highs, with the tech-heavy NASDAQ experiencing even heavier falls. For diversified investors, 2018 was a lost year with Balanced returns flat …

Market Update: November 2018

November was a steadier environment for most markets than October, however, they were not able to provide any recovery from the earlier sharp falls. Below we summarise the major index returns as at November, and we can see that at the one year mark nearly all the gains have been eroded. Further to this, the below chart was put out …

Financial Standard Announces Most Influential Financial Advisors: Jason Featherby Makes List for Second Time Around

The Financial Standard has recognised Jason Featherby, Director of Knight Financial Advisors, as one of the 50 most influential financial advisors in Australia for the second year in a row. The Power50 list features individuals, as voted by the industry, that are instrumental in shaping the future of financial advice in Australia. Not only are they industry leaders that are …

Market Update – October 2018

Welcome to our October market update. Poor share market performance dominated headlines in October, with global shares losing nearly 6.9% in local currency terms which was their worst month since August 2011, and Australian shares losing 6.1% which was its worst month since August 2015. If we measure the falls from the recent highs to lows, the retreat has been …

Market Update – September 2018

Australia’s recent sharemarket outperformance has reversed in September and also through October to the date of writing. Domestic headwinds in housing-linked and banking sectors have taken the gloss off what has otherwise been a strong year. Resources however have recovered much of their 2018 underperformance over the last 6 weeks, with sentiment improving on the back of rising oil prices …

Market Update – August 2018

Welcome to the August market update. The June-half Australian earnings season are now wrapped up and whilst the results have been solid, they have not been spectacular. The breadth of profit increases was the most impressive takeaway, with 77% of companies reporting increases (the strongest since the GFC). This will bode well for investors relying on the yield from their …