ANZ Smart Choice Super Investor Update : Member Update Summer 2015
555 Investment insights Stewart Brentnall, ANZ Global Wealth Chief Investment Officer, wraps up 2014 with insights into key market events of the December quarter. He will also provide us with a glimpse of what we can expect in 2015. Sharp falls in commodity prices were the dominant drivers of financial markets in the quarter. Crude oil prices plunged by 40% in the quarter reflecting weaker demand and increased supply, driving expected inflation lower which supported many growth assets. However, there were increasing concerns that the drop in prices may lead to defaults in the energy sector which could negatively impact financial markets. US economic growth has been particularly strong as the improving labour market supported wages. Consumer confidence also rose as lower oil prices boosted discretionary income. While falling oil prices have lowered headline inflation, the US Federal Reserve (Fed) continued to indicate that interest rate rises were likely in 2015 after it ended quantitative easing (QE) in October. The Fed’s expectations for the likely path of interest rates were unchanged, with rates projected to increase to 1.00-1.25% by year end. Market Wrap video - December quarter In this Market Wrap, Mark Rider, Head of Investment Strategy at ANZ Wealth looks at the key market events of the December quarter. In particular focus is the impact of the sharp decline in oil prices on global economic growth and what it means for investments.
Member Update Spring 2014
Member Update Autumn 2015