asx 200

Datt Capital Absolute Return Fund ranked as No.1 Australian Equity Fund by Fund Monitors The Datt Capital Absolute Return Fund has been recognised as the No. 1 Australian Equity Fund as at the end of September 2020; evaluated over a rolling 12-month period using Fund Monitors risk adjusted model. On the announcement, Fund Monitors noted…

ASX rallies on vaccine news, cyclical rotation in full flight, Westfield (ASX:URW) jumps 43.5% The ASX 200 (ASX:XJO) finished just 0.7% above open despite trading as much as 2.5% higher during the day on news of Pfizer’s (NYSE:PFE) successful vaccine trials.  For those interested, reports suggest that the treatment has 90% efficacy in protecting from…

New retail investors entered the sharemarket in droves over the first six months of the pandemic’s impact. Contrary to widely held views, for the most part, on average, they did very well. Very well indeed. But one has to be careful of averages. They can often mask skews from big single numbers and rarely do…

Optimism abound, ASX up 4.4% for the week, Macquarie (ASX:MQG) profit falls 32% The week finished where it began, the ASX 200 (ASX:XJO) adding 0.8% taking the gain to 4.4% with every sector finishing the week higher.  The key driver was real estate (+8.3%) and consumer discretionary (+6.8%) businesses the key drivers as a combination of loosening border restrictions…

Markets to open higher, ASX up 1.3% on the back of CSL (ASX: CSL), National Australia Bank (ASX: NAB) profit crushed, ‘Nirvana’ for sharemarkets. The ASX 200 (ASX: XJO) delivered another strong day as it became more clear that Joe Biden would be the next President of the United States. Despite the election still being…

Given the Retirement Income Panel’s work over the past year, super funds need no more motivation to answer the critical question: how can funds deliver an adequate pension to retired fund members? The question, however, can’t be answered without determining what an ‘adequate’ pension is. This ResearchBite considers how a hypothetical fund creating an income-targeted…

Superannuation research house Chant West released their latest update on the performance for the September quarter. Industry groups quickly jumped on the news highlighting the fact that “nearly eight months after the COVID-19 crisis, superannuation funds have clawed back nearly all of the losses”, according to Research Director Mano Mohankumar. Looking closely at the data,…

ASX broadly flat, retail sales decline again, TPW smashed, flat lead The ASX battled to a flat finish on Wednesday, adding 0.1%, with gains in energy and financials offsetting weakness in the consumer sectors.  Retail sales results were released with every state apart from the NT falling in September, national sales were down 1.5%.  This was the second…

ASX lower as mining and financials hit, Afterpay Ltd (ASX:APT) hits $100, RBA Minutes released The ASX 200 (ASX:XJO) fell 0.7% on Tuesday, giving back yesterday’s gains on a weaker global lead. Mining, down 1.1% and financials, -1.2%, were the biggest detractors as valuations continue to bite. BHP Group Ltd (ASX:BHP) offered a quarterly production update…

ASX 200 hits seven month high, CSL (ASX:CSL) bounces, Cimic (ASX:CIM) sells Thiess, weaker open ahead The ASX 200 (ASX:XJO) rallied 0.9% to start the week, buoyed by the hope of Victorian economic restrictions being lifted at the end of the month.  The index has reached a seven month high as a confluence of domestic…