Ralton March 2014 Quartely Reports
April 16th, 2014
The S&P/ASX300 accumulation index was essentially flat across March returning just +0.2% for the month, although still +2.0% for the quarter. Global equity markets ended the quarter little changed (MSCI Global +0.8%, USD).
Equity markets contended with a flare-up of geopolitical tensions as Russia annexed Crimea, and increasing concerns around China’s economic health. Additionally, the US Fed once again tapered its purchases of Treasury and mortgage-backed debt securities. Domestically, the positive economic data suggests the economy may be passing its cyclical low.
The best performing sector in March was Financials, followed by Telecommunications. The worst performing sectors were Materials and Consumer Staples.
Ralton SMA Monthly Reports