Coronavirus Market Impact
The Coronavirus is currently impacting investment markets. To stay fully informed regarding how Statewide Super are managing current events for our members, please stay tuned to this page for commentary from our investment team.
Last updated 31 March 2020
Our Chief Investment Officer Con Michalakis provides an update as we close out the month of March. His key takeouts are:
- Health is our number one priority as a society – we need to keep up the social distancing.
- The social distancing remedy is impacting economies and jobs. But he welcomes the government’s wage subsidies and jobs guarantee.
- Confidence – or lack thereof – (noting the stimulus and lowering of interest rates will help this)
- Diversification continues to lessen the impacts of the markets, and we are managing liquidity.
*On Tuesday 10 March, 2020 the Australian share market closed 3.12% higher. Source: S&P Dow Jones Indices, as measured by the S&P/ASX 200 (TR) Index.
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The information provided contains general advice which does not take into account your specific objectives, financial situation or needs. Before investing, you should consider the appropriateness of this general advice with regard to your personal circumstances. You may also wish to obtain independent financial advice. This article is not intended to be, and should not be construed in any way as, investment, legal, or personal advice.
Statewide Super holds an Australian Financial Services Licence (AFSL) that allows it to provide both general and personal financial advice. For further information and a copy of the applicable Financial Services Guide, visit www.statewide.com.au or call 1300 65 18 65.