Welcome to the first edition of DelphiNews for 2016!
I hope the festive season was enjoyable and you were able to relax with family and friends.
Economic Update
In the latest Economic Update, John Owen Portfolio Specialist at MLC, reviews events in Australian and Overseas markets during December 2015. Whilst markets where subdued during the last month of 2015, this has not been the case since the start of the new calendar year.
Why have markets been so weak?
John states in the article below that the year has started on a particularly bleak note with widespread share market falls recorded in the first week of trading. He notes that MLC have been assessing the potential for adverse developments in China and the implications for Australian investors. As a result they have been managing Portfolios in a defensive manner.
If you have any concerns about your investment strategy please contact us. I look forward to assisting you with your financial requirements in the year ahead.
John Owen discusses: The new calendar year has started on a particularly bleak note with widespread share market falls recorded in the first week of trading.
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.
