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
Vanguard australian shares index fund
John Lekas, CEO and senior portfolio manager at Leader Capital in Portland, Oregon, has been seeking any sort of on-the-ground information, including crematorium activity in hard hit areas, to assess the death toll. So far, any information he’s received on the subject has been unverifiable. … [Read more...] about RPT-Hedge funds use DIY strategies to gauge coronavirus impact
That amount of money has already found its way from the Government into sport — although not through the ASC — showing a willingness for the Government to bypass the current body established to oversee sports funding and development in this country. … [Read more...] about Big changes flagged for sports funding from Canberra as rift continues between John Coates and John Wylie
SHANGHAI, - China's main stock indexes retreated on Monday, as a spike in coronavirus infections and deaths beyond mainland China overshadowed assurances from Beijing that it would step up efforts to help cushion the blow to its economy, while small-caps extended their bullish run. The blue-chip CSI300 index fell 0.4 per cent to 4,132.84, while the Shanghai Composite Index dipped 0.3 per cent to 3,031.23 points. Investor confidence took a knock after South Korea put the country on high alert as the number of infections jumped to over 700 and deaths rose to seven. In Italy, the number of cases jumped to above 150 from just three before Friday. Iran, which announced its first infections last week, said it had confirmed 43 cases and eight deaths. Sentiment was hurt as the coronavirus outbreak spread outside China, said Linus Yip, analyst with First Shanghai Securities. Foreign investors sold a net of nearly 6 billion yuan worth of A-shares via the Stock Connect linking mainland and … [Read more...] about China main indexes fall as coronavirus spreads globally; small caps rise
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?