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)

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Andrew Stanley
Andrew Stanley
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...


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