April 2017 Market Commentary
Since our last commentary we have had new presidents elected in France and South Korea, missile
tests from the latter’s northern neighbor, unprecedented actions from the US president and continued
Brexit negotiations in Europe. Closer to home the talk about a housing bubble and the potential impact
on the banks should it burst has been unrelenting, and this topic was also central to the latest federal
budget. And yet, though these events might ordinarily be expected to lead to instability in investment
markets, we have seen volatility remain low and major global share market indices maintain modest to
impressive year to date gains. The patience to maintain a long-term focus and the discipline to filter the
noise that pervades the short-term view is what has led to the welcome recent strong portfolio
performance, and is what we will continue to deliver in our management of your portfolio.
Click on the link to read our Monthly Economic & Investment Market Commentary for March 2017 attached.
If you have missed any previous monthly commentaries and wish to receive a copy, please contact our office.