BetaShares Managed Risk Global Share Fund · ASX:WRLD
BetaShares Managed Risk Global Share Fund — BetaShares — Investor Presentation (August 2018)
13 slides from BetaShares Managed Risk Global Share Fund's investor presentation, August 2018
Slide 1: Market Trends with Chief Economist David Bassanese, August 2018
+e BetaShares Exchange Traded Funds Marke rends With Chief Economist, David Bassanese August 2018
Slide 2: Disclaimer
The information contained in this document is general information only and does not constitute personal financial advice. It does not take into account any person’s financial objectives, situation or needs. It has been prepared by BetaShares Capital Limited (ABN 78 139 566 868, Australian Financial
Slide 3: Global equities pushed higher in July despite rising bond yields
After treading sideways for several months, global equities pushed higher in July despite a further lift in global bond yields and continued strength in the $US. Global equities on a month-end basis have lifted 5% from their end-March low, but remain 1.5% below their end-January high. The yield on t
Slide 4: International equities best performing core asset class in July
International equities were the best performing of our seven core asset classes in July, returning 2.8%. Strong US and European earnings reports, a thawing in US-EU trade tensions and still relatively benign inflation (and hence bond yields) supported stocks, even though US- China trade tensions per
Slide 5: US bond yields continued to push higher
US bond yields continued to push higher last month, reflecting ongoing expectations of further Fed rate hikes. That said, US 10-year bond yields still ended the month just below 3%. Australian yields remained range- bound, with spreads against US interest rates continuing to narrow. After widening i
Slide 6: Easing credit spreads supported hybrid and floating rate bond returns
The easing in credit spreads supported hybrid and floating rate bond returns last month, as reflected in the HBRD Fund and QPON ETF respectively. A modest lift in bond yields constrained returns from long dated fixed-rate bonds (as reflected in the CRED ETF). Over the past year, our hybrid and fixed
Slide 7: Flat iron-ore prices and slowing $US strength helped the $A firm
Flat iron-ore prices and a slowing in $US strength helped the $A firm slightly over July, ending at US74.24c. Modelling suggests the $A is currently around fair value given these fundamentals. Assuming further weakness in iron-ore prices, a stronger $US and a continued narrowing in interest rate dif
Slide 8: US stocks continued recovery in July
Helped by ongoing strength in earnings, US stocks continued their recovery in July – ending almost back at their end-January level. Indeed, growth in earnings has been so strong that the PE ratio ended July at a reasonable 16.5, compared to 18.1 at end-January – despite the rebound in equity prices.
Slide 9: Health care (DRUG) best performing global sector ETF
Among our major global regional/sector ETFs, health care (DRUG) produced the best performance last month followed by banks (BNKS). DRUG and FUEL’s relative performance have turned up in recent months, while BNKS bounce in July follows a recent period of underperformance. Technology and energy remain
Slide 10: Australian equities pushed higher in July
Australian equities pushed higher in July, even though forward earnings eased back a little in line with some earnings downgrades. Indeed, while rising earnings have supported the local market’s rebound in recent months – as in global markets – our market has already pushed beyond its highs of earli
Slide 11: Australian sector and thematic funds: financials outperformed
Among our Australian equity sector/thematic funds, financials (QFN) outperformed for a second successive month, partly unwinding a long period of under performance. This also supported a rebound in our fundamentally-weighted QOZ ETF, which is now overweight financials on valuation grounds. In return
Slide 12: BetaShares Product Range
BetaShares Product Range A200 EX20 NDQ BNKS HVST HVST HBRD AAA QOZ SMLL UMAX HEUR YMAX AUST QPON QFN FAIR QUS HJPN UMAX WRLD CRED QRE FUEL MNRS FOOD DRUG HACK ETHI BEAR GEAR USD QAG EINC BBOZ GGUS POU QAU RINC BBUS EEU OOO GLIN AUDS QCB RENT YANK DMKT
Slide 13: Visit our website for the latest Fund data, blogs and investment information
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