Investment market update March 2021
29 March 2021
The Balanced Growth Super option and Balanced Growth Income account option for the financial year to 24 March 2021 have returned 10.1% and 9.45% respectively. The performance of the options has been driven by the strong share markets seen over the financial year.
The start of 2021 has seen equity markets globally continue to track positively as they did through the first half of the financial year. Share markets have also continued to recover even in the face of increased COVID-19 cases and extended lock downs in Europe. This has been helped by the roll out and efficacy of the COVID-19 vaccine particularly in Europe and the US. Increased activity in the US points to an improvement in their economy and the recent announcement of US$1.9 trillion in government stimulus will continue to support the US economy.
Domestically, the Reserve Bank of Australia (RBA) has continued to maintain the cash rate at all time lows and they have committed that it will not rise for at least three years. The RBA has also announced further support to help with the recovery of the Australian economy.
In addition to the RBA’s commitment Central bank officials from the US and Europe have also committed to keep interest rates low which will continue to support the improvement we have seen in the economy.
See our latest investment performance.
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).