Hold your nerve says Russell
Russell Investment Group is urging investors to hold their nerve in the face of survey data revealing that Australian fund managers are becoming increasingly cautious about the outlook for global equity markets, as conditions worsen in Australia and offshore.
Russell chief investment officer for Asia Pacific Peter Gunning said despite this softening, investors needed to keep their nerve in what was an increasingly volatile market environment.
“Markets will always fluctuate and investors need to ensure they retain a disciplined, long-term investment approach in the face of recent changes,” he said.
Gunning said the fall in sentiment was the result of a range of challenging market conditions, with current market anxiety based on concerns over rising inflation, excessive central bank tightening and a slowing US economy.
He said closer to home, tight labour markets and rising inflation had pundits closely watching the next moves by the Reserve Bank of Australia.
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
