Australian shares fell more than 2 per cent on Monday, their biggest since mid-August 2019, as sharp spikes in coronavirus cases outside mainland China deepened worries about a hit to the global economy. South Korea put the country on high alert while the number of infections jumped to over 700 and deaths rose to seven. In Italy, a third person infected with the flu-like virus died on Sunday, while the number of cases jumped to above 150 from just three before Friday. The S&P/ASX 200 index fell 2.3 per cent, or 160.70 points, to 6.978.30, its lowest close since Feb. 5. Energy stocks dropped 4 per cent to their lowest close since Oct. 10 as oil prices slumped nearly 3 per cent. Woodside Petroleum dropped 6.4 per cent to its lowest close since Oct. 10, while Whitehaven Coal shed 5.8 per cent. However, Viva Energy Group rose over 1 per cent after the company said it had approved a two-month maintenance turnaround of key units at its Geelong refinery. Financial stocks dropped 1.7 … [Read more...] about Australian shares fall most since mid-August on coronavirus fears; NZ down
Investors mutual australian share fund
Others are relying on their contacts inside the country. Kevin Smith, founder of Denver-based Crescat Capital and a longtime skeptic on China’s economy, increased his bets against the country’s stocks after receiving an email from one of the firm’s Chinese clients describing “paralyzing and tragic scenes” in Hubei, the outbreak’s epicenter. … [Read more...] about RPT-Hedge funds use DIY strategies to gauge coronavirus impact
While investigating the reports, the researchers found that out of the all the outstanding robo-analyst recommendations, more than 30 percent represented buy ratings compared with 47 percent from traditional analysts (the overall number of outstanding recommendations from traditional analyst. … [Read more...] about Robot-analysts make BETTER stock recommendations than human investors and earn five percent more in returns, study finds
Financial Planner: Dilshad Billimoria, Founder, Dilzer Consultants, a wealth management firm based in Bengaluru. Question asked by investors: 1.Should we invest in ETFs and FoFs? 2.Are gold ETFs a good option to diversify? 3.Should we add International FoFs in our portfolio? Her response to clients: There are many Exchange Traded Funds (ETFs) and Fund of Funds (FoF)s in the market and they are attracting the attention of media these days. Though these products have their uses, many of them do not fit into the portfolio of retail mutual fund investors. These products might be in the spotlight for various reasons, but investors need to understand that they need not invest in them. For example, gold is doing very well because of global uncertainties. You might see many gold ETFs topping the return charts. Gold as a diversifier is a great asset to have in the portfolio, but do you need an ETF? Investors should know that because of their low cost structure, ETFs might give better … [Read more...] about Should retail mutual fund investors choose ETFs and FoFs?
"We've got till later in the year to deal with that, there's a few things to move past first, not the least is participation in the Olympics and the Paralympics later this year, which I'm sure we're all looking forward to." … [Read more...] about Big changes flagged for sports funding from Canberra as rift continues between John Coates and John Wylie