News and Insights
Financial Keys Market Update - 17 April 2020
by Financial Keys
We have seen a roller coaster ride in investment markets over the last couple of months with a recent rebound.
The US equity market fell more than 34% from peak to trough this year, before rebounding more than 27%. In Australian dollar terms, the fall was only 25%, given movements in the Australian dollar. Therefore, being unhedged on currency for US equity investments, as Financial Keys clients predominantly are, assisted materially. The Australian equity market fell more than 36% before rebounding more than 20% more recently.
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