Nucleus Wealth, a small active manager in Melbourne with an international focus, made the call to dump their holdings in late January. Nucleus had 90% of their money in cash. A month later all hell broke loose. By mid March, they looked to be geniuses. By early June, things weren't so clear.
Super Problems
For the past few years there has been a battle raging. Certain superannuation funds have not been backward about coming forward about their performance. Their ‘balanced’ options are the headline generators. Don’ t be taken in. Take time to understand why your own fund invests the way it does. Know what you are holding.
All That Glitters
COVID-19 Update II
2020 March Quarter Review
We could say there were few highlights and only one story, however...
Governments moved swiftly to put in place stimulus support.
Central banks supported fixed interest liquidity and slashed interest rates.
Fixed interest provided invaluable support in portfolios.
Unfortunately, sharemarkets across the world fell significantly.