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PLEASE NOTE: This Perks Wealth Management Alert is an update to the previous alert sent out on Wednesday 3rd June. Correction: Please be advised that the Official Cash Rate for New Zealand is 2.50%. This correction has been highlighted in bold text for your information. We apologise for the inconvenience this may have caused and trust that the Perks Wealth Management Alert continues to provide you with an invaluable service. Month in Review- April 2009 Australian EquitiesApril saw the Australian sharemarket rise for a second consecutive month, with the S&P/ASX 300 Accumulation Index rising 5.70%. The S&P/ASX Small Ordinaries Accumulation Index outperformed the large cap market, rising 13.52%. However, Small Caps continue to underperform the large cap market over the longer term, registering -40.54% compared to -28.99% for the large cap index over the 12 months to end April. Global Equities Global equities were uniformly stronger in April. The MSCI World Accumulation Index was 5.28% higher in AUD terms. This was also reflected in the FTSE100 Accumulation Index (A$) and the S&P 500 Composite Accumulation Index (A$) which rose 3.62% and 6.06% respectively for the month. Emerging markets were also stronger over the month, with the MSCI Emerging Markets Free W/Gross Div (A$) rising 10.32% in April, however it has fallen 26.52% over the last 12 months. Regional markets were up during April. In Japan, the Nikkei ended the month 8.86% higher, while Hong Kong’s Hang Seng Index rose 14.33% in local currency terms. REITS (Listed Property Securities) The S&P/ASX 300 A-REIT Accumulation Index rose 6.24% over the month, outperforming the boarder equity market. Recent improvements in the small cap market have contributed to investors’ risk appetite increasing significantly during the month. Overall, the S&P/ASX 300 A-REIT Accumulation Index has fallen 57.23% over the 12 months to April 2009. The UBS Global Real Estate Investors Index was also stronger in April rising 20.32% in AUD terms, outperforming the local index. Over 12 months to April 2009 the UBS Global Real Estate Investors Index was down 47.63% in AUD terms. Fixed Interest The Australian bond market was slightly stronger in April, following the RBA official interest rate cut of 25 basis points in March. The UBS Warburg Composite Bond Index was unchanged for April while the UBS Warburg Bank Bill Index returned 0.26% for the month. Over 12 months, the bond and cash markets returned 12.76% and 6.28% respectively. S&P/ASX 200 Stock Performance for the Month of April 2009
Best Performers Worst Performers Pacific Brands Ltd (+185.71%) St Barbara Limited (-34.12%) Kagara Zinc Ltd (+125.58%) Macmahon Holdings Ltd (-22.73%) Alesco Corp (+100.00%) Iluka Resources Ltd (-18.11%) Bradken Ltd (+92.75%) FKP Property Group (-18.00%) Karoon Gas Australia Ltd (+82.72%) The short answer is that it is impossible to accurately predict when the economic recovery is going to come.
Prior to acting on the above information please speak with your financial adviser and/or taxation accountant, so they can assess your situation and evaluate the relevance of this information in relation to your current circumstances. Perks Wealth Management Pty Ltd |
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30 April 2009
* Please note, these rates are intraday provided as at 26 May 2009. |
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