13 May 2020
Market Metrics: MSCI World Index Sectors
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
It is still too early to call but the 23rd March 2020 might just have marked the bottom for the collapse in growth asset prices due to COVID-19.
The sectors that comprise the MSCI World Index (Morgan Stanley Capital International) include Energy, Financials, Industrials, Real Estate, Utilities, Materials, Consumer Discretionary, Telecommunication, Consumer Staples, Information Technology and Health Care and they have all bounced up significantly.
Click for chart.
This does not mean that economic downturn (most likely a World recession) is over, we are only at the beginning of a period of heavy job losses but the worst of the collapse in growth asset prices maybe all over.
The current results are good news for all those clients who have taken advantage of this market crash and if you are an Active client that has questions, please call me on 02 9267 2322.
At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me or to call me on +61 2 9267 2322.