Blind confidence? - Editor “The nature of the world’s current problem is highly complex and the outcome will depend heavily on how individuals respond to uncertainty. We are clear that there was a great deal of fear factored into prices as we entered March..”. These were the words with which Platinum concluded the Platinum International Fund report for the March quarter.
Banking reform - Editor The governor of the Bank of England, Mervyn King, in a speech to Scottish business organisations, has warned of the downstream consequences of the support of the banking system by the UK government during the global financial crisis.
Houses versus apartments - Caglan Bagci | NZIJ MORTGAGES I have employed a 76 year old builder to do some renovations on my 100 year old house. We have affectionately nicknamed him Geppetto. Geppetto boasts that his building knowledge spans three centuries. When he started his aprenticeship, he was taught by carpenters who completed their apprenticeships in the 19th century.
The recession we hardly had - Dr Chris Caton, BT Chief Economist In recent months it has seemed like recessions around the world had ended, and markets continued to rise. There wasn’t all that much difference in September. For the month, the US share market rose by 3.6%, and is now up by 57% from its early-March low. The Dow Jones average has just had its best quarter (up 15%) in more than 10 years. The Australian market, as measured by the ASX200, rose by 5.9% in September, after gains of 5.5% and 7.3% in the previous two months.
Chain reaction - David Pine | NZIJ RISK MANAGEMENT LTD You would think that the innocent action of backing out of one’s driveway would not cause too many problems. One of our clients had cause to be both annoyed and thankful following a bizarre chain of events triggered by a reversing manoeuvre.
Momentum trading - Melville, Jessup, Weaver, Consulting Actuaries What is price momentum trading? This is a stock picking strategy where stock selection is based on a set of rules around share prices and their movement. In its purest form this simply means buying those stocks that have increased in price and selling those that have decreased.
Australia - review of the markets - Editor The Reserve Bank of Australia became the first nation in the developed world to raise benchmark interest rates recognising that an expansionary policy setting was no longer necessary.The Australian...
Asset performance from Aussie viewpoint - BT Funds Management A quick round-up of the performance of different asset classes in the last six months. Australian sharesThe rise that began in March 2009 became an extended rally with the market rising for six...
Man OM-IP funds performance - Man Investments Australia Limited The Man OM-IP funds recorded an average 2.45%* gain over September, as upbeat economic data continued to indicate that the global economy is beginning to recover from the worst downturn in a generation. Backed up by comments from the US Federal Reserve that the ‘recession is very likely over at this point’, the positive news proved to be the main catalyst for the gains.
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