Market & Portfolio Update - August 2020

10 September by Lifetime in Investments, Market Update

Market & Portfolio Update - August 2020

Global share markets rose nearly 5% in August as investors continue to digest news about ongoing vaccine developments and look for returns in a low interest rate environment.

Australian shares rose over 3% as the Covid-19 outbreak in Victoria eased. This resulted in another month of overall positive returns for funds, even as some uncertainty remains for the general economic backdrop.

For our Booster clients, the portion of members' global shares investments managed by California-based Fisher Investments added value by outperforming the general return on global share markets. This came largely from Fisher’s allocation to technology companies, such as Apple and sales software provider Salesforce. These both benefited from sales being supported by global customers looking to technology solutions to help them and their businesses through the pandemic.

by Lifetime

Recently, one of America’s largest life insurers (New York Life) did a survey of over 2,000 people to find out what they considered to be their largest financial mistakes, and how long it took to recover from them.

by Lifetime

Global share markets rose nearly 5% in August as investors continue to digest news about ongoing vaccine developments and look for returns in a low interest rate environment.