Market update November 2020
04 December 2020
The Balanced Growth Super option and Balanced Growth Income option for the financial year to 25 November 2020 have returned 7.16% and 6.77% respectively, predominantly driven by the recovery in the share market.
Even in the face of more troubling news on the increase in Coronavirus cases, we’ve seen an improvement in share markets. Both local and overseas share markets have rebounded significantly since the low in March 2020. The ASX200 has recovered around 45% from March through to 25 November and in the US the S&P500 share market has reached new highs. This recovery in share markets has been driven by positive Coronavirus vaccine news, with what appears to be at least two vaccines based on similar technologies showing high levels of effectiveness in their preliminary results. The recent US election has also added to investor confidence as the outcome becomes known.
It's expected that the record low interest rates, massive economic stimulus and recovery in global economies that we’re currently seeing will continue to support this rebound in the economy. See our latest investment returns to 31 October 2020 here.
Past performance is no guarantee of future performance. The information supplied in this email is general advice only and does not take into account or consider your personal objectives, financial situation or needs. Prepared by BUSS (Queensland) Pty Ltd (ABN 15 065 081 281, AFSL 237860) as Trustee for BUSSQ (BUSSQ Fund, ABN 85 571 332 201).