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Shane Oliver's 'Market outlook AFER a rough financial year'

23 July 2012

The following is brought to you by Boyce Financial Services, the financial advisory division of Boyce Chartered Accountants.

Dr Shane Oliver, head of Investment Strategy and chief economist with AMP Capital, notes that “the past financial year has been disappointing for investors exposed to shares, with global shares returning -2.1% in local currency terms and Australian shares returning -6.7% as worries about the economic outlook continue to weigh.”


Dr Shane Oliver, head of Investment Strategy and chief economist with AMP Capital, notes that “the past financial year has been disappointing for investors exposed to shares, with global shares returning -2.1% in local currency terms and Australian shares returning -6.7% as worries about the economic outlook continue to weigh.” 

The big questions, as Dr Oliver sees it, are whether the new financial year will see an improvement in share market return, and if Australian shares have lost their mojo, having underperformed global shares since October 2009. 

Dr Oliver believes that “while the macroeconomic environment will remain one of constrained and volatile returns, a lot of bad news is already factored into shares and some of the drags on the performance of Australian shares are now reversing.” 

Download Dr Oliver’s publication “Oliver’s Insights - market outlook after a rough financial year” to read his views about: 

  • The drivers of global weakness 
  • Why Australian shares have underperformed 
  • The outlook – globally 
  • The outlook – for Australia

If you would like to discuss your investment needs please contact a Boyce Financial Services Advisor at your local Boyce office or click here to find out more.

Source: Oliver’s Insights – Edition 22 5 July 2012, AMP Capital 



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