Market commentary

Australian equity markets rose 4% in the March 2024 quarter as the RBA held rates steady, with portfolio activity centred on income fund capital raisings, selective equity purchases, and cash management ahead of future opportunities.

Australian equities rose over 7% in the December quarter, with a conservatively positioned portfolio delivering above-market returns through a combination of equity gains and consistent income from fixed interest holdings, while cash reserves were maintained for future opportunities.

During the quarter the RBA increased the cash rate another 2 times by 0.25% in May and June. This took the RBA cash rate to 4.1%. Inflation remains a concern and will take some time to ease. Over the next 3 to 6 months there will be over 800,000 mortgages that will be coming off fixed rates that will now be at a higher rate which will result in some constriction in the economy with households having to meet these higher interest rates

FirstWrap commentary – March 2023 Quarter During the quarter the RBA increased the cash rate another 2 times by 0.25% each time. This was the 10 consecutive rate increase from the RBA taking the cash rate to 3.6%. The April…

FirstWrap commentary – December 2022 Quarter The Australian market had a strong quarter with the market finishing up 8.72% for the quarter but down -6.32% for the calendar year. The RBA continued to raise interest rates attempting to control inflation….

The managed funds that make up the Limberg Asset Management Investment strategies have performed well over 3 month, 1 year and 3 year times.

[vc_row][vc_column][vc_column_text]The AMP Core Infrastructure fund has been a recent addition to the Limberg Asset Management investment models in July 2016. The Infrastructure fund has been included to provide the models with a different asset class that is diversified from traditional…

[vc_row][vc_column][vc_column_text]The AMP Wholesale Property fund will be added to the investment models in the near future. The reason for adding this investment is to gain exposure to property. Property traditionally has a low correlation to equities providing diversification with sustainable…

[vc_row][vc_column][vc_column_text] Fund in Focus: Australian Ethical – Australian Shares Fund The Australian Ethical – Australian Shares Fund uses an Ethical Charter to seek out or avoid investments that do not fit within the charter as being socially or ethically responsible….

[vc_row][vc_column][vc_column_text]  Magellan Global Equity Fund has beaten 99 percent of peers Fund boosted cash `well before any of this turmoil started’Well before things went wrong for global stocks last year, one $9 billion fund manager decided it was time to…

[vc_row][vc_column][vc_column_text]The SGH ICE fund is an Australian equity funds that looks to invest in industrial companies. Typically, the fund holds 40 companies that are predominately mid to small caps outside the top 100 companies. These are described as the “safe…