It’s still too early to see what is going to come out of the Federal election results in financial terms so let’s take a look at what is happening in the rest of the world:
EU transitioning from a Greece crisis to a Migrant crisis:
The financial and logistic repercussions of what is now termed the “migrant crisis” in Europe is adding to the strains on already frayed EU relations. The Slovenian Prime Minister is predicting the end of the EU if they cannot agree to a common plan to handle this unprecedented human migration.
Many economists are warning that this situation could create financial ramifications on a global scale envisioning a broader movement of populations desperate to move out of “have not” regions into areas where they hope to find a better life.
Your fund managers are pro-actively monitoring this situation and building it into the variety of factors that determine their portfolio weightings.
US Interest rate Hike – Yes, No, Maybe?
Based on comments made at the October meeting held by Federal Reserve Board the odd’s makers are betting on a U.S. interest rate hike in December.
This long anticipated event has been taken off the table so many times it is literally on the “I’ll believe it when I see it” list. Markets appear to be about as bored as everyone else by this latest prediction as the hike in rates is anticipated to be no more than ¼%.
Despite a very choppy 3rd quarter of 2015 your fund returns continue to be positive – in excess of just over 4% year to date.
Fund Manager Weekly Reviews
For those of you interested in listening to a 5 minute weekly Economic review by Sebastien McMahon, the lead manager for the IA Diversified fund, please click the following link (and/or save it in your browser) – you will find it time well spent.