September 2017 Newsletter

Stuck in a monetary paradox. Markets were modestly positive in August, with the Australian dollar retreating during the month, which benefited global equities on an unhedged basis.

Australian equities were once again fuelled by a rise in commodity prices, which saw energy stocks up by approximately 6% for the month.

The recent reporting season was generally positive, with the resources sector generating much of the earnings growth, while REITs also recovered from their July pullback, driven by strong demand for quality real estate.