Tumultuous month in Australian market: China, Fed

Andrew Stanley

Ralton Asset Management Limited

August was one of the most tumultuous periods we have seen in the Australian market for many years. The market had fallen back to the level it last saw in December 2014. We had been concerned about the level the market was trading at for some time and had cash / cash equivalents (i.e. takeovers pending) equivalent to levels comfortably greater than 10% in each of our portfolios. The sell-off in the Australian market was triggered by a combination of factors including: the depreciation of the renminbi by the Chinese authorities, concerns about the implications of the US Federal Reserve starting to raise interest rates (for the first time in many years) later this year, and soft outlook statements by many Australian companies during the recent reporting period. Is the volatility now over? (VIEW LINK)


MORE ON



1 topic

Head of Australian Equities
Ralton Asset Management Limited

Andrew has been with Ralton since its inception in 2006 and leads the investment management of Ralton’s managed accounts. He brings over 25 years of funds management and investment banking experience having held senior positions with major...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.