Advance Asset Management RON MEHMET June 2015 S&P 500 Source: - - PowerPoint PPT Presentation

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Feb 10, 2024 142 likes •323 views

Advance Asset Management RON MEHMET June 2015 S&P 500 Source: RBA, Bloomberg, AMP Capital Source: Factset, JP Morgan # SOURCE OF EARNINGS Source: S&P JP Morgan, Factset # CORPORATE BALANCE SHEETS Source: S&P JP

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Advance Asset Management

June 2015

RON MEHMET

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S&P 500

Source: RBA, Bloomberg, AMP Capital Source: Factset, JP Morgan

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SOURCE OF EARNINGS

Source: S&P JP Morgan, Factset

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CORPORATE BALANCE SHEETS

Source: S&P JP Morgan, Factset

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CAPITAL FLOWS: CORPORATE SHARE BUYBACKS

Source: CapitalIQ and Advance Asset Management

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GLOBAL BOND – SUPPLY AND DEMAND

Source: Bloomberg, IMF, JP Morgan

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EUROPEAN GOVERNMENT YIELDS AND FISCAL POLICY

Source: Bloomberg, IMF, JP Morgan

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EUROZONE MONEY METRICS

Source: CapitalIQ and Advance Asset Management

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BANK DEPOSITS – EU PERIPHERY

Source: CapitalIQ and Advance Asset Management

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CHINA: LENDING AND GROWTH

Source: Bloomberg, IMF, JP Morgan

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CHINA - ELECTRICITY OUTPUT

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POST GFC HOUSE PRICE MOVEMENTS...

Source: OECD, Goldman Sachs, & Advance Asset Management

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AUSTRALIA PERSONAL SAVINGS RATE  SINCE 1959

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AUSTRALIAN DIVIDEND YIELDS V BANK DEPOSITS

Source: RBA, Bloomberg, AMP Capital

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BANK SECTOR INDEX WEIGHTS

Source: Factset and Advance Asset Management

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SUMMARY AND RISKS

EU and a possible “Grexit”
US rate hike cycle
QE in China
End of the mining boom
Global deflationary pressures

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Advance Asset Management, GPO Box B87, Perth WA 6838 Contact Centre 1800 819 935 Adviser Services 1300 361 864 Fax (02) 9274 5211 advance.com.au This information is of a general nature only and has been prepared without taking into account the objectives, financial situation or needs

f any particular person. Before acting on the information, a person should consider its appropriateness having regard to these factors.

The information is made available for use by advisers only and must not be passed on to clients. The Advance Multi-Blend Funds (Funds) are issued by Advance Asset Management Limited ABN 98 002 538 329 AFSL No. 240902 (Advance). Before deciding whether to acquire or to continue to hold an investment in a Fund, investors should obtain and consider the current Product Disclosure Statement for the Fund, available from www.advance.com.au. Past performance is not a reliable indicator of future performance. While the information in this document is given by Advance in good faith, it does not warrant that it is accurate, reliable, free from error or omission. Information from third parties is believed to be reliable however it has not been independently verified. Advance is a member of the Westpac Banking Corporation (Westpac) Group of companies. An investment in the Fund does not represent an investment in, deposit with or other liability of Westpac or any other member of the Westpac Group. It is subject to investment risk, including possible delays in repayment and loss of income and principal invested. Neither Westpac, nor any other member of the Westpac Group, stands behind or

therwise guarantees the capital value or the performance of an investment in a managed fund issued by Advance. Subject to any terms

implied by statute which cannot be excluded, neither Advance nor any other company in the Westpac Group or their directors, employees and associates accept any responsibility for errors in, or omissions from the information.  