DelphiNews June 2012

Welcome to the June edition of Delphi Financial Management's Newsletter.

I’m pleased to enclose the June 2012 edition of Market Update.

This month’s edition brings mixed reports from the major global economies, with uncertainty in Europe continuing to be the focal point for investors.

The US economy continues to experience a moderate recovery, with improvements in housing, retail and industrial production. However, talks of further quantitative easing also continued amongst Federal Reserve members.

Europe continues to be a key focus for investors, with fears the Greek crisis could spark a contagion for other economies in the region. Most European major indices were down over 7% in May, with London’s FTSE 100 among the heavier falls.

On the home front, interest rates were in the spotlight as global uncertainty and an evident slowdown in China weighed in on the RBA’s rate decision. After a further cut of 0.25%, the official cash rate is now 3.5%.

As markets continue to remain uncertain in the short term, please remember to remain focused on your long-term goals.

Also includes are some Questions and Answers on the Greek Elections together with articles on making the most of the end of the financial year and easing into retirement.

Please contact me if you have any questions regarding these articles or your investment portfolio.

If you would like to provide some feedback or know someone who would be interested in learning more about our services please contact us.

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.

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1300 167 826

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