DelphiNews November 2011

This DelphiNews is the final edition for this year.

I would like to thank you for your support and feedback during 2011 and also to welcome a number of new clients to DelphiNews.

Past editions can be accessed via the Delphi Financial Management website link at the right of this message. If you have any difficulty finding an article please contact us with the details and we will arrange to forward the information to you.

The November Market Update notes that "October and November has been a period of drama, anticipation and anxiety. All eyes were on Europe, as investor sentiment continues to reflect uncertain economic conditions".

The news however was positive for the US with a pick up in growth and retail sales. Meanwhile "The IMF said that Australia's performance since the global financial crisis has been enviable".

Attached is a copy of MLC's medium-term view and Strategic Overlay positions. This overview provides an insight into MLC Investment Management's thinking when designing an monitioring investment portfolios. It includes an estimate of prospective returns for various asset classes. 2011_10_MLC_Investments_Strategic_Overlay_October_2011.pdf

Please contact me if you have any questions regarding this information or your investment portfolio.

If you would like to provide some feedback please contact us.

The Delphi office will be closed from the 19th December 2011 to the 4th January 2012. However as usual if your matter is urgent please contact us by email which will be monitored during this period.

Finally I would like to wish you and your loved ones all the best for the Holiday Season, whether that be Christmas, Hanukkah, the Winter Solstice or simply a chance to enjoy the company of friends and family and take a break before heading into the New Year.

As is our custom we have made a donation to a charity in lieu of sending individual cards. This year we provided some funds to assist the Aspect School at Terrigal on the Central Coast purchase equipment to aid in the teaching of their autistic students.

Thank you once again for your support.

Regards

Vince Dore

Director

Vince Dore and Delphi Financial Management Pty. Ltd are Authorised Representatives of GWM Adviser Services Limited ABN 96 002 071 749, trading as Garvan Financial Planning/MLC Financial Planning an Australian Financial Services Licensee, Registered office at 105 –153 Miller St North Sydney NSW 2060 and a member of the National Australia group of companies.

This advice may not be suitable to you because it contains general advice that has not been tailored to your personal circumstances. Please seek personal financial and tax and/or legal advice prior to acting on this information. The material contained in this newsletter is based on information received in good faith from sources within the market, and on our understanding of legislation and Government press releases at the date of publication, which are believed to be reliable and accurate. Opinions constitute our judgement at the time of issue and are subject to change. Neither, the Licensee or any of the National Australia group of companies, nor their employees or directors give any warranty of accuracy, nor accept any responsibility for errors or omissions in this email.

Level 7, 60 Carrington Street, Sydney, NSW 2000
1300 167 826

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