Monday, December 14 2015
Given the weakness in markets we thought we would send out our year in review which will appear in our monthly report. We note market volatility remains ahead of the Fed rate decision with commodity price volatility feeding in to the uncertainty. While the short term direction is notoriously difficult to predict, we focus on the longer term value opportunity. In this regard markets continue to represent good value compared to most low yielding asset classes. We also note that investors will be receiving $9b of dividends shortly, a large proportion of which is typically reinvested into the market which should provide support as we head into the Christmas period.
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