Page 7 - Ives, Martyn - Review Report - July 2020
P. 7
Market International equities
Global equity markets followed the same
commentary path as the Australian market but
benefited from the sharp fall in the
Australian dollar, with the market down
Quarter 1 - 2020 8%. The Chinese, Japanese, and US
markets fared best whilst technology was
Below is a summary and highlights from the standout sector globally with the US
the movements this quarter and major NASDAQ down just 1%. European
changes to some of the key asset areas: markets were harder hit, down 16%, with
Australian equities cyclical (energy, financials) and virus
impacted sectors (travel) hardest hit.
Equity markets hit a record high on 20th
February before panic and hysteria Property & Infrastructure
caused indiscriminate selling across all The property sector was one of the
sectors (some more than others). The hardest hit due to the uncertain future of
Australian equity market finished the office space and bricks and mortar retail
March quarter down 23%, with defensive going forward. Australian listed property
sectors (healthcare, consumer staples, fell more than 35% whilst global listed
utilities), significantly outperforming property fell 20%, again benefiting from a
cyclical and virus impacted sectors falling Australian dollar. Infrastructure also
(financials, energy, real estate). wasn’t immune, down 10%, given the
Larger cap stocks also outperformed small lockdown impact on airports, toll roads,
cap (down 27%) as liquidity and volatility and rail.
concerns saw a flight to safety.
