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Investment Commentary

Market Comment from Local Supers Chief Executive

The 6 months to December 2009 has seen a marked shift to a more positive outlook for the Australian economy and investment markets.

Despite 3 successive interest rate increases by the Reserve Bank of Australia, consumer sentiment is on the rise with better than expected employment figures achieved in December 2009.

Local Super has achieved positive returns across all 6 investment options.  Financial year to date returns for the 3 shares options to 31.12.2009 were between 12%-21% and the Growth option for this same period achieved 11.45%.

The volatility of the global financial crisis and uncertainty that plagued 2008/2009 seems to be a thing of the past. However, it serves as a very clear reminder that performance and short-term returns can fluctuate significantly.  An effective investment strategy should not be based on short-term performance – whether positive or negative.

To determine whether your current investment strategy is the right one to meet your long-term goals call us on 08 8100 9999 (SA), 08 8941 0082 (NT) or 1800 882 988 (toll free) to organise an appointment with an Adviser.  Our team will help you to understand and take advantage of the options available.
 
Nic Szuster
Chief Executive
 
 

Monthly Investment Commentary from JANA

Investment commentary is provided monthly by our investment consultant, JANA Investment Advisers. Click on the link below to download the latest market update report.
 

The Investment Commentary Archive stores the previous year's market update reports.