Market grinds higher: Going into the end of the financial year the market ended the week higher with the S&P/ASX All Ordinaries Accumulation Index closing up...
Market grinds higher: Going into the end of the financial year the market ended the week higher with the S&P/ASX All Ordinaries Accumulation Index closing up 0.8%. This week further evidence the retail sector is struggling with Kathmandu cutting their profit outlook on Tuesday citing slower than expected June sales. More than half a dozen retailers have now revised their earnings forecasts down over the last month. Despite poor GDP figures, US equity markets remained buoyant as investors maintain confidence in a US recovery. More from our Weekly Update: (VIEW LINK)
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Wilson Asset Management has a track record of making a difference for shareholders and the community for 25 years and is the investment manager for eight LICs - WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB), WAM Microcap (ASX: WMI), WAM Alternative Assets (ASX: WMA), WAM Strategic Value (ASX: WAR), WAM Research (ASX: WAX) and WAM Active (ASX: WAA) - and the Wilson Asset Management Leaders Fund. Wilson Asset Management invests over $5 billion on behalf of more than 130,000 retail investors. Wilson Asset Management created and is the lead supporter of the first LICs to deliver both investment and social returns: Future Generation Australia (ASX: FGX) and Future Generation Global (ASX: FGG).
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