Australian equities hardest hit by gyrations
Australian equities was the hardest hit investment sector by the recent gyrations on the Nasdaq, according to Ausbil Partners.
Australian equities was the hardest hit investment sector by the recent gyrations on the Nasdaq, according to Ausbil Partners.
The All Ordinaries index lost 1.5 per cent in April while international investments were saved by a falling Australian dollar. According to Ausbil Partners, interna-tional equities would have lost 4 per cent in April, if the Australian dollar had re-mained static. Instead the loss was contained to just 0.4 per cent.
The Nasdaq index was down 16 per cent, the Dow Jones fell 1.7 per cent and the Nikkei lost 11.6 per cent over the month. Korea’s stock market was down 16 per cent, Hong Kong down 11 per cent while Singapore bucked the trend with a rise of 1.5 per cent.
Listed property proved its value as a diversifying agent by gaining 2 per cent over the month, the brightest spark on an otherwise bleak investment landscape. Both Australian and international bonds were flat, both recording returns of less than 0.5 per cent over the month.
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