DelphiNews December 2015

I’m pleased to enclose the final edition of DelphiNews for 2015.

Market Update

Global equity markets performance diverged significantly in November – with Europe and Japan the strong performers.

China economic data has shown further signs of stabilisation whilst US economic data has continued to provide clear signs of an improving economy.

At home, Australian business credit has continued to grow and the RBA has kept the cash rate on hold at 2.0%.

Economic Update

In the latest Economic Update, John Owen Portfolio Specialist at MLC, reviews events in Australian and Overseas markets during November. John notes that in the year to 30 November 2015, market returns were varied though we saw a continuation of themes that have been in play for some time.

European markets delivered strong returns with the German and French markets returning 14.0% and 12.9% respectively in local currency terms. Japan’s market was another strong performer where the Nikkei Index increased 13.1% over the year. As we observed last month, these are regions where there have been significant quantitative easing (QE) programs in place to revive economic growth.

In contrast, America’s share market return barely made it into positive territory. The 0.6% increase recorded by the S&P500 Index reflects an aversion by investors to the market’s overvaluation at a time when there are concerns that earnings momentum will slow.

The Year in Review

As 2015 draws to a close John Owen also reviews what’s happened in investment markets this year and looks ahead to 2016.

What are your 2016 goals?

Around half of us make New Year’s resolutions – but only around 12% manage to succeed. With getting out of debt and sorting out our finances high on the wish list each year, below are three tips to help you keep your resolution and make 2016 a financial success.

Donating or Volunteering?

When it comes to giving to charity this Christmas, which is more valuable - your time or your money? Find out more in the article below.

Festive Season

Finally the Team at Delphi would like to wish you a Merry Christmas, Happy Hanukkah or simply hope you enjoy a break before the start of 2016 and get to spend time with family and friends.

It has been another interesting year in the markets, politics and for Australian and Global events. Closer to home, Bernadette and I have recently celebrated the arrival of a third grandchild, with another on the way in 2016!

Thank you for your continued support and feedback. Please note that whilst the Delphi office will be closed from 24 December 2015 until 4 January 2016, emails will continued to be monitored.

Please contact us if you have any questions regarding your financial requirements or this month's articles.

Regards

Vince Dore CFP
Director

ThreeSixty Research Market Update - December

Highlights;

Global equity markets performances diverge significantly in November – Europe and Japan strong performers
China economic data shows further signs of stabilisation
US economic data continues to provide clear signs of an improving economy.
US Federal Reserve expected to commence interest rate increases in December.
Eurozone economic activity continues to improve
Australian business credit growth has further positive uplift
RBA maintains the cash rate at 2.0% at its December meeting and remains on an accommodative policy

Read full report >>>>

December economic update with John Owen

John Owen, Portfolio Specialist, discusses easing global share market returns, developments in China and how MLC's portfolios are positioned.

In the latest update, John reviews events in markets during November.

He discusses:

how after recording strong gains in October, share market returns were more subdued in November
monetary policy continuing to be an important influence on markets
how from an Australian perspective, developments in China remain of greatest importance, and
how MLC’s multi-asset portfolios are positioned.

To find out more:

	Download the 2 page - December economic update.
	December economic update - Watch the video

The Year in Review

As 2015 draws to a close, it’s time to review what’s happened in investment markets this year and look ahead to 2016.

Investors have enjoyed another year of positive returns, despite considerable midyear volatility. However, the returns shown in Table 1 are below those that were reported in 2014, in some cases materially lower.

Start 2016 on the right foot

Around half of us make New Year’s resolutions – but only around 12% manage to succeed[1]. With getting out of debt and sorting out our finances high on the wish list each year, here are three tips to help you keep your resolution and make 2016 a financial success.

Read full article >>

Donating or volunteering? How best to help

When it comes to giving to charity this Christmas, which is more valuable - your time or your money?

Read full article >>

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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