“SMSFs and the fit factor”
written by Robin Bowerman, Principal, Corporate Affairs & Market Development at Vanguard of Australia

“Penalties for making administration errors can be onerous so for people considering setting up an SMSF it is worth investing the time and money understanding what is involved in managing an SMSF and the costs involved.”

Schrodes Investment Management Ltd

Fixed Income and Credit Securities - investment update

Duration	50 minutes
Start Date	Wednesday 15 August 2012 at 2:00 PM (GMT +10 hours)
Presenter	Mihkel Kase, Portfolio Manager - Fixed Income

Mik Kase talks about where the Schroders' team sees the best opportunities as well as which investments to avoid. Taking both macro and micro perspectives on global bond and credit markets they discuss the outperformance of Australian bonds versus offshore equivalents, the need to focus on returns rather than yields and compelling credit opportunities across the diverse range of Australian corporate and bank capital structures.

Oliver's Insights

Dr Shane Oliver talks about the outlook for shares, their resilience in the face of global worries, and what QE3 could mean going forward.

Key Points

• Global growth is likely to be in the process of reaching a low ahead of a pick up next year. The risk of a Euro-zone meltdown is receding, more monetary easing is also likely to keep the US recovery going and, at the same time, Chinese growth should soon pick up a bit.

• While shares may see short term volatility, the combination of a stabilising global growth outlook, cheap valuations and easy global monetary conditions point to further gains by year end and into the next year.

 

Please find a webcast update from Hamish Douglass of Magellan Global Fund on:

 

• the Magellan Global Fund's performance in context of the recent broad market rally and the fund's stock valuations;
• his views on the Australian Dollar;
• longer-term macro observations; and
• as part of Hamish's involvement with the Australian Government's Financial Literacy Board, he speaks briefly about the MoneySmart Week initiative.