Since the banking and financial services royal commission, smaller, independent, specialist wealth platforms have been able to grow their market share at the expense of their much larger ‘legacy’ rivals — and share investors have jumped on for the ride.
Investors are right to diversify overseas. What they must remember is, it’s not just a US story focused on the ‘Magnificent Seven.’
After a three-month run as the most-traded ASX stock on Selfwealth’s platform, Neuron Pharmaceuticals ceded its spot to CBA in June as healthcare, mining and banking stocks jostled for investors’ attention.
Despite increased volatility emanating from the banking sector, tech stocks have been supported by falling bond yields on fears the global economy could slip into recession this year, with big-name companies leading the gains.
