Market commentary

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.

Global markets tumbled over the quarter triggered by the COVID19 pandemic. The outbreak has resulted in the fastest ever Australian stock market crash in history, with the ASX200 index falling near 40% in four weeks from its peak on the 20th of February.