Each quarter, we publish our investor magazine, “Messenger”, which is designed to provide investors and advisers with market and fund commentary, as well as fund performance information.
To view Messenger, you must have a copy of Adobe Acrobat® Reader installed.
Welcome to the Winter edition of Messenger
"Since the last edition of Messenger, the fiscal crisis in the European periphery certainly dominated the headlines early in the quarter with concern over credit worthiness in the banking system. Interestingly though, bond markets of other fiscally challenged economies such as US, UK and Japan performed relatively well. Overall, it would seem that we remain in an extreme investment environment with the major concerns for markets being the political and economic risks, as the backlash from the global financial crisis continues.
In his Investment Review, David Hudson – Chairman, Asset Allocation Committee also highlights the growing concerns about a slowdown in the Chinese economy coupled with an unexpected apparent slowdown in the US economy. Refer to page 3 of Messenger for more details."
Scott Phillips
Director – Head of Retail
Global Client Group, Australia
In this Issue:
Fund performance
Fund commentary and performance information to 30 June 2010 is provided for our range of funds.
