Market Update - April 2020

We want to continue our communication with you, and we now have our final results for March. 

The share market movements that we saw in March were the most volatile we have seen and even more so than during the GFC. Towards the end of the month, some of the losses were recovered so it’s important to start with a clear picture of what various markets did during the month. 

A summary is;

ASX200 (Large Australian companies such as Banks, CSL, BHP, and Telstra)  -20.65%

Australian small companies   -22.38% 

ASX AREITS (Property companies such as those that own Westfield)        -35.14%

Emerging Markets (Companies in, China, India & developing economies)     -15.61%

US Shares (The big US companies)   -12.51%

The Clearwater Portfolios both suffered losses, but delivered better results than all of the above and particularly better than the Australian markets. 

The results were;

DMG Diversified Portfolio   - 8.30%

Clearwater Dynamic Portfolio – 10.54%

In both cases, the ability to limit losses has been pleasing. Despite this, we continue to work hard, meeting internally and with our managers to ensure that the allocation of assets and the managers remain suitable for us and will continue to add value. In some cases, we have made the decision to exit positions. This is part of our ongoing process to continue to improve the performance of the portfolios in the rapidly changing world. 

We will continue to provide further updates. As always, contact your Financial Advisor if you wish to discuss this in more detail.