DelphiNews October 2013

Welcome to the October edition of Delphi Financial Management's newsletter.

I’m pleased to enclose the latest edition of Market Update which appears below.

Last month global economic data continued to show signs of improvement, with Europe, Japan and China in particular continuing to gain traction.

In the US, the property sector showed further signs of recovery, while consumer confidence fell slightly following the uncertainties in Syria.

On the home front, the Liberal National Party formed the new Federal Government, and is expected to provide greater business confidence through its policy settings.

Australian residential property continued to experience above average clearance rates. According to RP data, capital city home values have seen an average increase of 6.5% in 2013, with Sydney and Melbourne being the standouts.

MLC's Portfolio Manager, Ben McCaw reviews events in Australian and Overseas markets during September in the latest edition of the Economic Update. MLC notes that the decision by the US Federal Reserve not to reduce bond purchases provided some temporary relief to shares, which was quickly undone as the focus turned toward the looming political gridlock that is playing out now. McCaw thinks it's fairly clear that how this unfolds will have a significant bearing on near term returns for most asset classes.

We have also included an article providing Smart Strategies for managing debt. Delphi provides access to Mortgage Solutions from a wide range of lenders. If you would like an obligation free quote on refinancing your current debt or arranging a new loan we can arrange for a consultant to meet with you to discuss your options.

As always please contact us if you have any questions regarding the information contained in this edition of DelphiNews or if you or a family member would like to review their current investment strategy.

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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