5 July 2017
Weekly Insights From The FNArena News Desk 03/07/17
“Central banks have created huge distortions in the markets, which are going to be difficult to unwind. But we think they are going to talk hawkish and walk dovish.” Colin Graham, chief investment officer of multi-asset solutions at BNP Paribas Asset Management quoted in Wall Street Journal.
A sudden turn in sentiment right on the final day of June meant Australian share market indices scraped through the first half of calendar 2017 with a small positive gain which -surprise, surprise!- essentially translates into dividends paid, and then a tiny little more on top. The ASX200 Accumulation Index, showing total investment return instead of simply capital gain/loss only, recorded a gain of 3.1% for the six months, of which 0.2% was booked in June.
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