Where to next?
Having suffered the worst calendar year for the ASX All Ordinaries index over the last century, we can assure ourselves that major falls are usually followed very quickly by some of the most significant sharemarket gains.
The sharemarket falls of 1973-74, 1981-82 and 1990 were all followed by some of the largest rises in sharemarket history.
The sharemarket has already factored in a severe downturn in the economy. Whether it materialises to the extent that the market has
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Future thinking – Providing returns in a falling market
Managed Futures
Of the many sub-divisions of funds offering some type of exposure to absolute returns, I have personally always been a little wary of the qualitative fund of hedge funds, primarily because there is always that element of being charged fees on top of fees and also because the individual making the investment decisions works in financial services. By nature, they are likely to be naturally optimistic about the share market resulting in a psychological bias towards the
