POWERED BY MOMENTUM MEDIA
A dollar each way on recovery
Investors appear to have hedged the bets on the question on recovery, according to new research released by Mercer.
The Mercer analysis, contained within its Dynamic Asset Allocation report, claims the market has effectively priced in both the prospect of recovery and the risks of it being derailed, with most asset classes rated ‘fair’.
Commenting on the research, the head of Mercer’s Dynamic Asset Allocation team in Australia, David Stuart, said the recent choppiness in markets could continue for some time, but that Mercer was not expecting a repeat of 2008.
“While there is a talk of a double-dip recession, as we are hearing from some of the bearish commentators, Mercer believes market valuations have priced in big picture risks,” he said.
Stuart said Mercer’s view had not changed substantially since it released an earlier report at the beginning of the year.
“We felt at that time that the road to recovery would be rocky, and that has proved to be the case, particularly for equities, however it continues to trend upwards,” he said.
AUTHOR
Mike Taylor
Recommended for you
First Nations Australians have faced systemic barriers accessing super, with rigid ID checks, poor service, and delays compounding inequality.
“Slow and steady” appears to be the Reserve Bank’s approach to monetary policy as the board continues to hold on to its wait-and-see method.
AFCA’s latest data has shown a decline in complaints relating to superannuation, but there is further work to be done, it has warned super funds.
Limited exposure to fossil fuel companies has positively impacted the performance of Australian Ethical’s balanced and growth funds, the super fund says.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom 465 Calder Road Calder
99.46 3 y p.a(%)
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
78.55 3 y p.a(%)
4
BetaShares Crypto Innovators ETF
50.39 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
47.50 3 y p.a(%)
