Oliver's Insights Edition 2 - 25 January 2012 [490 Kb]
Oliver's Insights Edition 2 - 25 January 2012
BT Seminar Invitation [273 Kb]
BT Seminar Invitation
Market & Economic Update [40 Kb]
Market & Economic Update January 2012
Oliver's Insights Edition 1 - 18 January 2012 [107 Kb]
Oliver's Insights Edition 1 - 18 January 2012
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Oliver's Insights Edition 38 - 8 December 2011
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Oliver's Insights Edition 37 - 30 November 2011
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Oliver's Insights Edition 36 - 24 November 2011
Kennas Newsletter December 2011 [563 Kb]
Kennas End of Year Update 2011
Oliver's Insights Edition 33 - 28 October 2011 [472 Kb]
Oliver's Insights Edition 33 - 28 October 2011
Oliver's Insights Edition 32 - 20 October 2011 [85 Kb]
Oliver's Insights Edition 32 - 20 October 2011
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Perpetual - The global situation [572 Kb]
Perpetual - The global situation
Oliver's Insights Edition 30 - 28 September 2011 [294 Kb]
Oliver's Insights Edition 30 - 28 September 2011
MLC - Points to remember when investing and Oliver Insights Editions 25, 26 and 28 [244 Kb]
Monthly Market & Economics Report - July 2011 [43 Kb]
Monthly Market and Economics Report - July 2011
Oliver's Insights Edition 20 - 20 July 2011 [266 Kb]
Oliver's Insights Edition 20 - 20 July 2011
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Oliver's Insights Edition 19 - 15 July 2011
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Economic Updates
Oliver's Insights Edition 18 - 29 June 2011 [366 Kb]
Oliver's Insights Edition 18 - 29 June 2011
Market & Economics Report [57 Kb]
Market & Economics Report
Oliver's Insights Edition 16- 9 June 2011 [347 Kb]
Oliver's Insights Edition 16 - 9 June 2011
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Oliver Insights Edition 15 - 27 May 2011
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KFS EOFY Newsletter
2011 Federal Budget adviser and client analysis pack [46 Kb]
2011 Federal Budget adviser and client analysis pack
Oliver Insights Edition 12 - 4 May 2011 [120 Kb]
Oliver Insights Edition 12 - 4 May 2011
Oliver Insights Edition 11 - 15 April 2011 [244 Kb]
Oliver Insights Edition 11 - 15 April 2011
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Business Plus Flood Assistance Issue [116 Kb]
Disaster Income Recovery subsidy application form.PDF [135 Kb]
Disaster Income Recovery Subsidy Fact sheet.PDF [168 Kb]
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Disaster Recovery payment fact sheet.pdf [304 Kb]
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Tax & Government Audit Insurance Q&A's [64 Kb]
Oliver Insighst 2011 1 The implications of the floods for Australia [191 Kb]
Oliver Insights 3 The threat of inflation in Asian and emerging markets [422 Kb]
Oliver Insights 4 Where are we in the investment cycle for shares [363 Kb]
Oliver Insights 6 2011 Profit reporting season wrap up [429 Kb]
Oliver Insights 7 Japans Earthquake Economic impact [253 Kb]
Oliver insights 10 continuing recovery [294 Kb]
Kennas Financial Services Information seminar [116 Kb]
Kennas End Of Year Christmas Newsletter [603 Kb]
EOY Dec 2010 [724 Kb]
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Below is the link to the KFS End of Financial Year Super Newsletter . If you have any queries please do not hesitate to contact our office.
Link to KFS End of Financial Year Super Newsletter
Below is the link to the Kennas Financial Services End of Financial Year Newsletter . If you have any queries please do not hesitate to contact our office.
Link to KFS End of Financial Year Newsletter
This note looks at the latest bout of weakness and volatility in share markets. The key points are as follows:
-
Shares and other growth-related investments like commodities are going through another rough patch due to renewed fears about the global growth outlook. Given the unusually long worry list facing investors, this could persist for several months.
-
However, this should give way to good buying opportunities in the months (or weeks) ahead, as the cyclical recovery in the global economy and shares is likely to continue, albeit remaining constrained and fragile.
To read more please click on the link below:
Oliver's Insight Edition 15 - 27 May 2011
This note looks at the latest bout of weakness and volatility in share markets. The key points are as follows:
-
Shares and other growth-related investments like commodities are going through another rough patch due to renewed fears about the global growth outlook. Given the unusually long worry list facing investors, this could persist for several months.
-
However, this should give way to good buying opportunities in the months (or weeks) ahead, as the cyclical recovery in the global economy and shares is likely to continue, albeit remaining constrained and fragile.
To read more please click on the link below:
Oliver's Insight Edition 15 - 27 May 2011
This note looks at the latest bout of weakness and volatility in share markets. The key points are as follows:
-
Shares and other growth-related investments like commodities are going through another rough patch due to renewed fears about the global growth outlook. Given the unusually long worry list facing investors, this could persist for several months.
-
However, this should give way to good buying opportunities in the months (or weeks) ahead, as the cyclical recovery in the global economy and shares is likely to continue, albeit remaining constrained and fragile.
To read more please click on the link below:
Oliver's Insight Edition 15 - 27 May 2011
This note looks at the latest bout of weakness and volatility in share markets. The key points are as follows:
-
Shares and other growth-related investments like commodities are going through another rough patch due to renewed fears about the global growth outlook. Given the unusually long worry list facing investors, this could persist for several months.
-
However, this should give way to good buying opportunities in the months (or weeks) ahead, as the cyclical recovery in the global economy and shares is likely to continue, albeit remaining constrained and fragile.
To read more please click on the link below:
Oliver's Insight Edition 15 - 27 May 2011
This note looks at the latest bout of weakness and volatility in share markets. The key points are as follows:
-
Shares and other growth-related investments like commodities are going through another rough patch due to renewed fears about the global growth outlook. Given the unusually long worry list facing investors, this could persist for several months.
-
However, this should give way to good buying opportunities in the months (or weeks) ahead, as the cyclical recovery in the global economy and shares is likely to continue, albeit remaining constrained and fragile.
To read more please click on the link below:
Oliver's Insight Edition 15 - 27 May 2011
Compiled by Dr Shane Oliver and the Investment Strategy & Economics team, this report provides a monthly snapshot of major economic and investment market issues designed to keep you updated on the latest financial news and trends.
The market and economics report provides:
- A review of and outlook for the Australian and global economy
- A review of and outlook for major asset classes including equities, bonds and REITs
- A summary of major Australian and international indices on a monthly and rolling annual basis
To read more please click on the below link:
Monthly Market & Economics ReportOliver's Insights Edition 17 - 23 June 2011 [374 Kb]
Oliver's Insights Edition 17 - 23 June 2011
We have provided a new link to the latest issue of Oliver's Insights as some of our readers were having difficulties accessing it. We apologise for any inconvenience caused.
The key points are as follows:
-
Worries about Greek debt as well as a slowdown in US and China have seen shares fall significantly since April’s highs. After a bounce to relieve oversold conditions, helped
by improving news regarding Greece, further weakness is possible over the next few months.
-
However, we remain of the view that the global economic recovery will continue, as some of the temporary factors weighing on growth begin to fade. With shares still undervalued, and monetary conditions likely to remain easy, we expect shares to recover into year-end.
To read more please click on the link below.
Oliver's Insights Edition 17 - 23 June 2011
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Is too much information making us worse investors?
Key points
• A massive increase in economic and financial information flow is adding to investor jitters and driving a shift further away from long term-investing. This is likely to work against investors over time.
• Investors should consider turning down the 'news volume' and refocus on investing for the long term, remembering the best time to invest is when everyone is gloomy. Averaging into weakness is a good way to go.
To read more please click on the link below.
Oliver's Insights Edition 18 - 29 June 2011
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Thought you may be interested to read the attached comments on "The Mining Boom" which shows some interesting figures regarding the changes in our trading partners.
To read more please click on the link below
Mining Boom
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Compiled by Dr Shane Oliver and the Investment Strategy & Economics team, this report provides a monthly snapshot of major economic and investment market issues designed to keep you updated on the latest financial news and trends.
The market and economics report provides:
- A review of and outlook for the Australian and global economy
- A review of and outlook for major asset classes including equities, bonds and REITs
- A summary of major Australian and international indices on a monthly and rolling annual basis
To read more please click on the link below.
Monthly Markets and Economics Report - July 2011
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Points to remember when investing in uncertain times.
No matter when you're investing, there are some fundamental investment principals you should remember.
To read more please click on the link below
MLC - Points to Remember when Investing
_____________________________________________________________________________________________________________________________________________________________
How vulnerable is the Australian economy and investment markets?
Key points
• The risk of recession in the US and Europe is high. Australia is not immune, but is well placed to withstand a renewed global slump. The initial line of defence includes interest rate cuts from the Reserve Bank of Australia (RBA), which we expect to commence possibly as early as October.
• Australian assets are better placed than was the case prior to the Global Financial Crisis (GFC), with cheaper valuations for shares and commercial property. Housing is a bit vulnerable in the short term, but should benefit from lower interest rates from around mid 2012. The Australian dollar (A$) is vulnerable to global growth concerns in the short term, but is likely to continue trending higher as major global central banks continue to debase their currencies.
To read more please click on the link below
Oliver's Insights Edition 25 - 23 August 2011
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Why yield matters for investors - particularly now
Key points
• In a world of constrained and volatile investment returns, the yield – or cash flow - from an investment will be increasingly important.
• This is particularly the case with shares. In recent decades, investor focus has mainly been on capital growth, but dividends have accounted for more than half of the return delivered by Australian shares since 1900.
To read more please click on the link below
Oliver's Insights Edition 26 - 2 September 2011
_____________________________________________________________________________________________________________________________________________________________
Asia and emerging countries vulnerability to a US/European downturn
Key considerations:
- The European debt crisis is still far from resolved and while we see growth in the US avoiding a return to recession, the risk is significant.
- The experience of the global financial crisis warns that the stronger structural fundamentals of Asian and emerging countries won’t necessarily protect them from a downturn in advanced countries.
- However, it also indicates the emerging world can continue to perform better than advanced countries. Over time this likely means a continuation of the favourable trend in Asian and emerging market shares even though traditional global shares remain mired in a secular (or long-term) bear market.
To read more please click on the link below
Oliver's Insights Edition 28 - 16 September 2011
Points to remember when investing in uncertain times.
No matter when you're investing, there are some fundamental investment principals you should remember.
To read more please click on the link below
MLC - Points to Remember when Investing
_____________________________________________________________________________________________________________________________________________________________
How vulnerable is the Australian economy and investment markets?
Key points
• The risk of recession in the US and Europe is high. Australia is not immune, but is well placed to withstand a renewed global slump. The initial line of defence includes interest rate cuts from the Reserve Bank of Australia (RBA), which we expect to commence possibly as early as October.
• Australian assets are better placed than was the case prior to the Global Financial Crisis (GFC), with cheaper valuations for shares and commercial property. Housing is a bit vulnerable in the short term, but should benefit from lower interest rates from around mid 2012. The Australian dollar (A$) is vulnerable to global growth concerns in the short term, but is likely to continue trending higher as major global central banks continue to debase their currencies.
To read more please click on the link below
Oliver's Insights Edition 25 - 23 August 2011
_____________________________________________________________________________________________________________________________________________________________
Why yield matters for investors - particularly now
Key points
• In a world of constrained and volatile investment returns, the yield – or cash flow - from an investment will be increasingly important.
• This is particularly the case with shares. In recent decades, investor focus has mainly been on capital growth, but dividends have accounted for more than half of the return delivered by Australian shares since 1900.
To read more please click on the link below
Oliver's Insights Edition 26 - 2 September 2011
_____________________________________________________________________________________________________________________________________________________________
Asia and emerging countries vulnerability to a US/European downturn
Key considerations:
- The European debt crisis is still far from resolved and while we see growth in the US avoiding a return to recession, the risk is significant.
- The experience of the global financial crisis warns that the stronger structural fundamentals of Asian and emerging countries won’t necessarily protect them from a downturn in advanced countries.
- However, it also indicates the emerging world can continue to perform better than advanced countries. Over time this likely means a continuation of the favourable trend in Asian and emerging market shares even though traditional global shares remain mired in a secular (or long-term) bear market.
To read more please click on the link below
Oliver's Insights Edition 28 - 16 September 2011
Points to remember when investing in uncertain times.
No matter when you're investing, there are some fundamental investment principals you should remember.
To read more please click on the link below
MLC - Points to Remember when Investing
_____________________________________________________________________________________________________________________________________________________________
How vulnerable is the Australian economy and investment markets?
Key points
• The risk of recession in the US and Europe is high. Australia is not immune, but is well placed to withstand a renewed global slump. The initial line of defence includes interest rate cuts from the Reserve Bank of Australia (RBA), which we expect to commence possibly as early as October.
• Australian assets are better placed than was the case prior to the Global Financial Crisis (GFC), with cheaper valuations for shares and commercial property. Housing is a bit vulnerable in the short term, but should benefit from lower interest rates from around mid 2012. The Australian dollar (A$) is vulnerable to global growth concerns in the short term, but is likely to continue trending higher as major global central banks continue to debase their currencies.
To read more please click on the link below
Oliver's Insights Edition 25 - 23 August 2011
_____________________________________________________________________________________________________________________________________________________________
Why yield matters for investors - particularly now
Key points
• In a world of constrained and volatile investment returns, the yield – or cash flow - from an investment will be increasingly important.
• This is particularly the case with shares. In recent decades, investor focus has mainly been on capital growth, but dividends have accounted for more than half of the return delivered by Australian shares since 1900.
To read more please click on the link below
Oliver's Insights Edition 26 - 2 September 2011
_____________________________________________________________________________________________________________________________________________________________
Asia and emerging countries vulnerability to a US/European downturn
Key considerations:
- The European debt crisis is still far from resolved and while we see growth in the US avoiding a return to recession, the risk is significant.
- The experience of the global financial crisis warns that the stronger structural fundamentals of Asian and emerging countries won’t necessarily protect them from a downturn in advanced countries.
- However, it also indicates the emerging world can continue to perform better than advanced countries. Over time this likely means a continuation of the favourable trend in Asian and emerging market shares even though traditional global shares remain mired in a secular (or long-term) bear market.
To read more please click on the link below
Oliver's Insights Edition 28 - 16 September 2011
Oliver's Insights - What the world needs now - the global economy back on the brink
This note looks at what's needed to keep the global economic recovery going and provide confidence to investors. The key points are as follows:
- The falls in share markets since April have been due to poor global economic data and political dysfunction in the US and Europe.
- After falls of 20% or so, shares are good value for long-term investors but it’s still too early to say they have bottomed.
- For confidence that shares have bottomed look for Europe to follow through with expanding the firepower of its bailout fund, aggressively buying sovereign bonds and recapitalising its banks along with concerted global monetary easing including in Asia and Australia.
To read more please click on the link below
Oliver's Insights Edition 30 - 28 September 2011
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The Global Situation - What can Policy makers and investors do?
The global situation has not improved as fears grow about an advanced economy recession and the state of the European financial system. Matt Sherwood, Perpetual’s Head of Investment Market Research, indicates that the problem now is primarily a lack of confidence, and relevant authorities need to take action to demonstrate they are ahead of the problem. Meanwhile, investors need to ask if their ‘search for yield’ is enough to get them through these times.
To read more please click on the link below
Perpetual - The Global Situation
Oliver's Insights - China's turn
This note looks at the recent outbreak of worries about a hard landing in China. The key points are as follows:
• Slowing exports, tight credit and a slowing property market suggest the risks regarding China have increased. Policy makers may also be slow to respond, resulting in further short-term uncertainty.
• However, so far there is no sign of a hard landing and while there are likely to be bouts of uncertainty, it is unlikely thanks to spending on social housing, solid consumer demand &and a likely easing in economic policy late this year or early next. But don't expect a re-run of the 4 trillion Renminbi stimulus that was seen in 2008-09 as public debt is higher today and it was ultimately overkill anyway.
• Chinese shares are cheap, but require monetary easing before their fortunes turn decisively.
To read more please click on the link below
Oliver's Insights Edition 32 - 20 October 2011
Oliver's Insights: Has Europe done enough and what does this mean for the world?
This note looks at the latest package out of Europe designed to deal with its sovereign debt problems.
The key points are as follows:
> Europe has announced plans to write down more Greek debt, recapitalise banks, expand the firepower of its bailout fund and strengthen fiscal integration.
> Apart from a lack of details, the latest response suffers from a number of weaknesses and it’s doubtful it will mean the end of the European debt crisis. The vicious cycle of fiscal austerity, weaker growth, budget blowouts, ratings downgrades and more fiscal austerity will likely remain. Europe desperately needs easier monetary policy.
> The latest plan should help avoid a near-term global financial blow-up and it adds to confidence that global growth will remain positive (albeit sub-par) which should offer some support for share markets which have been fretting about a global recession.
To read more please click on the link below
Oliver's Insights Edition 33 - 28 October 2011
Oliver's Insights - The threat from Europe, how big?
This note looks at the threat to global and Australian growth over the year ahead flowing from the worsening crisis in Europe and what it means for investors.
The key points are as follows:
- The European debt crisis is worsening, posing a major risk to global growth and the investment outlook for 2012. A mild recession in the Eurozone wouldn't be a major problem for the global economy, Asia and Australia, but clearly the risks are rising that it will be deeper recession.
- Shares are good value for long-term investors, but the short-term outlook remains uncertain. A re-test of early October share market lows is looking likely. Watch for signs of European Central Bank quantitative easing and unlimited bond buying going forward.
To read more please click on the link below
Oliver's Insights Edition 36 - 24 November 2011
Oliver's Insights - Why the RBA should cut rates again
This note looks at the outlook for interest rates.
The key points are as follows:
- The increasing threat from the Euro-zone debt crisis, rising bank funding costs and increasing fiscal drag following Federal Government belt tightening, all against a benign inflation backdrop justify further monetary easing in Australia.
- For the Reserve Bank of Australia (RBA) to wait to February before cutting interest rates again would be high risk. A further 0.25% cut in the cash rate (taking it to 4.25%) at its December meeting is justified and further rate cuts are likely to be required next year.
To read more please click on the link below
Oliver's Insights Edition 37 - 30 November 2011
Oliver's Insights - 2011 in review: should we be concerned about 2012?
This note reviews the performance of investment markets in 2011 and takes a look at the outlook for 2012.
The key points are:
> 2011 has been a year full of disasters with floods, earthquakes, civil wars in the Middle East, and of course public debt woes in Europe and the US. Fears of another global financial crisis and global recession have resulted in a rough ride for share markets.
> The shadow cast by Europe means greater uncertainty than normal. However, despite reasonable profit growth, shares have fallen suggesting they have already discounted a lot of the bad news. On top of this, everyone seems to be bearish and monetary conditions are easing further. If the European Central Bank steps up its involvement as we expect and monetary easing continues elsewhere, shares will ultimately have a much better year ahead.
> The main risk for 2012 is the potential for Europe to plunge into a deep recession. Other risks relate to a Chinese hard landing and fiscal austerity triggering weaker growth in the US.
To read more please click on the link below
Oliver's Insights Edition 38 - 8 December 2011This note looks at the latest bout of weakness and volatility in share markets. The key points are as follows:
-
Shares and other growth-related investments like commodities are going through another rough patch due to renewed fears about the global growth outlook. Given the unusually long worry list facing investors, this could persist for several months.
-
However, this should give way to good buying opportunities in the months (or weeks) ahead, as the cyclical recovery in the global economy and shares is likely to continue, albeit remaining constrained and fragile.
To read more please click on the link below:
Oliver's Insight Edition 15 - 27 May 2011
This note looks at the latest bout of weakness and volatility in share markets. The key points are as follows:
-
Shares and other growth-related investments like commodities are going through another rough patch due to renewed fears about the global growth outlook. Given the unusually long worry list facing investors, this could persist for several months.
-
However, this should give way to good buying opportunities in the months (or weeks) ahead, as the cyclical recovery in the global economy and shares is likely to continue, albeit remaining constrained and fragile.
To read more please click on the link below:
Oliver's Insight Edition 15 - 27 May 2011
Kennas Financial Services would like you to join us for a presentation by leading economist Dr Chris Caton.
To open your invitation, please click on the link below.
BT Seminar Invitation
We hope you are able come along and make the most of this wonderful opportunity right here in Rockhampton.
Suellen Ohl
The key points are:
> The last month or so has actually seen better news regarding the global economy - European Central Bank action appears to have reduced the risk of a banking crisis in Europe, US economic data has continued to surprise on the upside and Chinese economic data remains consistent with a soft landing.
> Downwards revisions to World Bank and International Monetary Fund forecasts and associated risks are just catching up to the market concerns of three or four months ago.
> While shares are at risk of a short-term correction and Europe remains a source of volatility, the improved global economic backdrop is a positive sign for shares and related growth trades going forward.
To read more please click on the link below.
Oliver's Insights Edition 2 - 25 January 2012
