Ascent Insights Edition 33

Welcome to Ascent Insights Edition 33.

After a weak start to the new calendar year, asset class returns were back in positive territory in March. All of the world’s major share markets recorded good gains during the month. The S&P500 Index in the US was one of the best performers, rising by 6.6% (in local currency terms). In Europe, the German and French markets were up by 5.0% and 0.7% respectively. Italy’s market was up 2.8%. Asian share markets also performed well.

After recording substantial falls in January and February, Japan’s Nikkei Index managed to rise by 4.6% in March. Hong Kong’s market performed exceptionally well, increasing 8.7% while in China, the Shanghai Composite Index was up by 11.8%. After recording large falls last year and in recent months, emerging markets recovered some lost ground in March as conditions in those economies, while still difficult, appear to be stabilising. For further reading, please refer to the Economic update article below.

At Ascent Private Wealth we like to support the Community and our preferred charities. This month we are sponsoring staff member George Hillary and his team to run in the Neverest Challenge. This is a 100km relay run through the Dandenong Ranges which is the equivalent elevation of Mount Everest (8,848 metres climbed)! The race is raising money for schools and teachers training in Nepal, following last year’s earthquake.

You too can help the cause by making a small donation at: http://projectneverest.com/ 

 Left Photo: George Hillary

The three articles we have chosen for you this month are:

- April Econimic Update 

- Buying Property with Friends 

- Do I still need Insurance