DelphiNews April 2016

I’m pleased to enclose the latest edition of DelphiNews.

Market Update

Equity and commodity markets continued to recover off their mid-February lows helped by reasonable economic data, supportive central banks and improved sentiment.

Economic Update

In the latest Economic Update, John Owen Portfolio Specialist at MLC, reviews events in Australian and Overseas markets during March. John notes that after a weak start to the new calendar year, asset class returns were back in positive territory in March. All of the world’s major share markets recorded good gains during the month. The S&P500 Index in the US was one of the best performers, rising by 6.6% (in local currency terms). In Europe, the German and French markets were up by 5.0% and 0.7% respectively. Italy’s market was up 2.8%.

Australia’s share market participated in the global rally with the S&P/ASX200 Accumulation Index rising 4.7%. Gains were recorded by all sector indices. Highlights included the Materials sector, which was up 6.1%, and Energy which increased 5.8% as spot prices for iron ore and oil were both up over 10% during the month.

Many Australian's are banking on Government support in retirement

Many Australians are not confident they have enough assets to support their retirement, according to research from IPSOS and MLC, the Australia Today report, with 43% saying they will need to rely on support from the Australian Government. An overview and a link to the report are contained in the article below.

How to avoid investment behavioural traps

Investment markets can be unpredictable. Just when you get used to enjoying a prolonged period of strong returns, suddenly you can be faced with a wild share market rollercoaster and begin wondering whether you should get off. The article below provides some advice as to how to avoid getting caught in these traps.

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

Regards

Vince Dore CFP
Director

April Economic Update with John Owen

John Owen, Portfolio Specialist, discusses market volatility, developments in China and how MLC's portfolios are positioned.

In the latest update, John Owen, Portfolio Specialist reviews events in markets during March.

He discusses:

how after a weak start to the new calendar year, asset class returns were back in positive territory in March
all of the world’s major share markets recording good gains during the month
the actions of central banks continuing to have a noticeable influence on markets, and
how MLC’s multi-asset portfolios are positioned.

Find out more:

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

ThreeSixty Research Market Update - April 2016

Highlights:

Equity and commodity markets continued to recover off their mid-February lows helped by reasonable economic data, supportive central banks and improved sentiment:
Oil prices continued to move higher, up another 13% in March
China economic data was, on balance, a little better
US economic data continued to improve
The European Central Bank surprised investors with the size of the additional stimulus measures that it announced in early March to try to combat disinflation
Australian business conditions outside the mining sector continue to improve
RBA retains cash rate at 2.0%

Read full article >>

Many Australians are banking on government support in retirement

Read full article >>

How to avoid investment behavioural traps

Kajanga Kulatunga - Portfolio Specialist, NAB Asset Management

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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