FNArena’s Weekly Insights – July 03 2023
In this week’s Weekly Insights:
-A Dozen Insights For FY24
-El Nino And Insurers
-When Quality Goes Missing
-Conviction Calls & Best Ideas
By Rudi Filapek-Vandyck, Editor
A Dozen Insights For FY24
If one well-chosen graphic compensates for 1000 words, imagine how many words we are saving with the charts and graphics below.
Twelve charts to shine a light on the things that have mattered and those that will matter for the year(s) ahead.
First up, investors should expect a lot of positive commentary and chest-beating market updates from institutional investors and asset allocators in the weeks ahead. Double-digit returns, including dividends, should act as a welcome offset to last financial year’s dismal outcomes.
Herein lays the foundation for this year’s positive results: when calculating returns, it matters from which base those calculations start. In the current situation, last year’s fall-into-the-abyss deep dive towards the end of the financial year is providing the ideal starting point for outsized positive results twelve months later.
The graphic below, with arrows to highlight the point, tells the story. Average returns for the first six months of 2023 have been a lot more nimble, but over the twelve months the ASX200 Accumulation index has returned 14.5%.
