In my monthly Global Markets Review for August, I observe that developed and emerging market equities continued to rise, helped by a rally in bond yields which...

In my monthly Global Markets Review for August, I observe that developed and emerging market equities continued to rise, helped by a rally in bond yields which was due to heightened expectations that global monetary conditions would remain very accommodative for some time. After a solid performance in July, however, the Australian equity market underperformed, with flat performance recorded during August - dragged down by weakness in resources stocks a contributor to which was weakening iron ore prices. Reflecting the ongoing yield chase by investors and declining bond yields, the Australian listed property sector rose further. Click the link for the details and a PDF version of the August edition. (VIEW LINK)