Monthly Archives: April 2018

Financial Market Update | March

Beware the Ides of March! The month of March lived up to its brutal reputation that all started on 15 March 44BC when Marcus Brutus stabbed Julius Caesar to death in the Roman Senate.  Red ink flowed during March like the blood of Caesar. However, despite the dramatic headlines, markets have merely returned to a normal level of volatility.  In fact, 2017 was the unusual year, with its very low volatility.  We need to keep some perspective and understand that it is the norm, rather than the exception, to see a 10% correction at some point during any given calendar year. And when you do see that sort of correction, it often makes the 12 month trailing performance look very ordinary, as you can see in the 12 month numbers in our table.

 

  INDEX RETURNS AS AT 31 March 2018 (%)
  1 month 3 months 6 months One year
Australian Shares -3.77 -3.86 3.48 2.54
International Shares -0.44 1.24 7.46 15.15
Domestic Listed Property 0.11 -6.19 1.12 -0.07
Global Listed Property 2.37 -5.30 -1.85 1.23
Australian Fixed Interest 0.84 0.87 2.32 3.28
International Fixed Interest 0.84 -0.09 0.81 2.89
Cash 0.14 0.43 0.85 1.73
Market Indices
S&P/ASX 200 Accumulation Index
MSCI World ex Aust TR Index $A
S&P/ASX 300 Property Trusts Accum Index
FTSE EPRA/NAREIT DEVELOP NR INDEX (A$ HEDGED)
Bloomberg Composite 0 + Years
BarCap Global Aggregate Index Hedged AUD
Bloomberg Aus Bank Bill Index