Monthly Investment Review May 2013

Monday, June 10 2013

This month as a result of discussions by the Federal Reserve regarding the winding back of quantitative easing, we have seen a major shift in markets with the A$ starting to fall, US$ strengthen and bond yields increase. The Australian market has been weaker than the global market due to the weakness in the A$ causing money to flow out of our equities, and we have also seen softness in the mining services sector. This month we discuss the implications of these major moves in detail.



IMPORTANT NOTE: This information has been prepared by DNR AFSL Pty Ltd ABN 39 118 946 400, an Australian Financial Services Licensee, Licence Number 301658. Whilst, Dalton Nicol Reid has used its best endeavours to ensure the information within this document is accurate it cannot be relied upon in any way and recipients must make their own enquiries concerning the accuracy of the information within. This document is not intended to provide you with personal advice and in providing this information, Dalton Nicol Reid has not taken into account your particular investment objectives, financial situation or needs. You should assess whether this information is appropriate for your particular needs, either by yourself or with your adviser. Dalton Nicol Reid expressly disclaims any responsibility or liability to anyone who acts or relies upon anything contained in, or omitted from, this document. Past performance is not indicative of future performance. Total returns shown are based on Dalton Nicol Reid’s model portfolio and have been calculated before taking Dalton Nicol Reid’s fees into account. No allowance has been made for taxation.
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